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EU chief hopes deal for a Russian oil embargo will be reached in the coming days
European Commission President Ursula von der Leyen told CNBC Tuesday that she’s hoping an agreement to sanction Russian oil will be reached in the coming days. The 27 EU countries have been stuck over an oil embargo on Russia for several weeks, with countries such as Hungary, Slovakia and the Czech Republic blocking the measure. Any sanctions imposed by the EU need to have the approval of all the 27 member states in order to be implemented. “I hope we are talking about days. So what we are looking at is one or two member states that are landlocked, so cannot have oil via the sea and need alternatives in pipelines ... (full story)