World

EU members seek opt-outs from Russian oil embargo

Hungary, Slovakia, Bulgaria, Czech Republic heavily dependent on Moscow energy supplies

Updated 4 years ago · Published on 03 May 2022 11:30PM

EU members seek opt-outs from Russian oil embargo
Seen here is Slovnaft, Slovakia’s largest mineral oil refinery, located in the capital, Bratislava. The country, which is almost 100% dependent on Russian oil, says it will need several years to overhaul its refinery to take alternative oil sources. – AFP pic, May 3, 2022

BRUSSELS – European officials were preparing a new package of sanctions today to punish Russia for its invasion of Ukraine, but some members are jockeying to opt out of an oil embargo.

Several EU officials and European diplomats in Brussels told reporters that they expected the European Commission to hand over the draft plan to member states later today.

After that, ambassadors from the 27 EU countries will meet tomorrow to give the plan a once-over, and it will need unanimous approval before going into effect.

The commission’s proposal would phase in a ban on oil imports from Russia over six to eight months, with Hungary and Slovakia allowed to take a few months longer, EU officials told reporters.

But Slovakia, which like Hungary is almost 100% dependent for fuel on Russian crude coming through the Druzhba pipeline, has said it will need several years.

Slovakia’s refinery is designed to work with Russian oil and would need to be thoroughly overhauled or replaced to deal with imports from elsewhere – an expensive and lengthy process.

Other officials, speaking on condition of anonymity during the legally and diplomatically fraught negotiation, said Bulgaria and the Czech Republic could also seek sanctions opt-outs.

One European diplomat warned that granting exemptions to one or two highly dependent states could trigger a domino effect of exemption demands that would undermine the embargo.

The European Commission is not planning to unveil the draft in public before its president, Ursula von der Leyen, addresses the European Parliament tomorrow.

But member state missions were expected to receive the plan later today. – AFP, May 3, 2022

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