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EU moving toward adopting a phased-in ban on Russian oil: NYT
*EU MOVING TOWARD ADOPTING A PHASED-IN BAN ON RUSSIAN OIL: NYT
— *Walter Bloomberg (@DeItaone) April 14, 2022
Added at 12:04pm
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Europe starts drafting a ban on Russian oil imports
European Union officials are drafting the most contested measure yet to punish Russia for its invasion of Ukraine, an embargo on Russian oil products. The bloc has long resisted a ban on Russian oil because of its enormous costs for Germany and its potential to disrupt politics around the region and increase energy prices. But E.U. officials and diplomats say the union is now moving toward adopting a phased-in ban designed to give Germany and other countries time to arrange alternative suppliers. The union took a similar approach earlier this month when it banned Russian coal, providing for a four-month transition ... (full story)
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