Explained: Why an EU embargo on Russian gas might be a long way off

The European Union has banned Russian coal, and after weeks of tortuous negotiations, oil as properly, in a bid to deprive Moscow of an necessary income to wage its conflict in Ukraine.

Subsequent up ought to theoretically be a gasoline embargo however that is proving much more controversial amongst leaders.

"No embargo might be imposed so far as gasoline is worried," Austrian Chancellor Karl Nehammer instructed reporters after a two-day particular summit of EU leaders concluded on Tuesday afternoon.

The summit's crowning achievement was the deal leaders struck to ban 90 per cent of Russian oil imports by the top of the yr as a part of a sixth spherical of sanctions.

The package deal was held up for 4 weeks after a number of landlocked member states, closely reliant on Russian oil imports, had threatened to veto it until they secured important concessions. They did, and have been allowed to proceed receiving Russian oil by pipeline for at the least 18 months.

The leaders of Portugal and Belgium in addition to the Hungarian authorities have additionally stated they would not assist a gasoline embargo. However not everyone agreed with their stance.

"I additionally assume we must always sanction gasoline," Latvian Prime Minister Krisjanis Karins stated on Tuesday.

His Estonian counterpart, Kaja Kallas, agreed, however conceded it might be rather a lot more durable: "I believe gasoline needs to be within the seventh package deal. However I am lifelike as properly; I do not assume will probably be there."

For these two Baltic nations specifically, it was a daring place to take. Latvia receives 93 per cent of its imported pure gasoline from Russia, in keeping with the European Union Company for the Cooperation of Power Regulators. For Estonia, the share is 79 per cent.

Different nations which are perilously dependant on Russian gasoline embrace Finland (100 per cent), Bulgaria (79 per cent), Hungary (61 per cent), Austria (64 per cent), and Germany (49 per cent).

In truth, the choice would possibly very properly be taken out of EU leaders' palms, as Fee Chief Ursula von der Leyen identified on Tuesday night.

"Russia has disrupted (gasoline) provides, by now, to 5 member states," she stated. "You recognize [about] Finland, Bulgaria and Poland, however now to an organization within the Netherlands, and to an organization in Denmark."

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