EU Fails To Agree On Imposing Sanctions On Russian Oil

Storage tanks stand in the Duna oil refinery, operated by MOL Hungarian Oil & Gas Plc, in Szazhalombatta, Hungary, on Monday, Feb. 13, 2019. Bloomberg 

Reuters: EU ministers urge Hungary to sign up to planned Russian oil embargo 

BRUSSELS (Reuters) -EU foreign ministers sought to publicly pressure Hungary on Monday to lift its veto of a proposed oil embargo on Russia, with Lithuania saying the bloc was being "held hostage by one member state".

The ban on crude imports proposed by the European Commission in early May would be its harshest sanction yet in response to Moscow's Feb. 24 invasion of Ukraine and includes carve-outs for EU states most dependent on Russian oil. Germany, the European Union's biggest economy and a major buyer of Russian energy, said it wanted a deal to authorize the oil embargo, which it suggested could last for years. 

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Update #1: EU states fail to agree on Russian oil embargo (RT)  

Update #2: Hungary ‘holding EU hostage’ over sanctions on Russian oil (The Guardian)  

Update #3: Ukraine: EU struggles to reach consensus over Russia oil embargo (DW)  

WNU Editor: Hungary wants a better deal if the EU wants them to sign on .... Hungary still has no acceptable proposal from EU on Russia oil sanctions -minister (Reuters).