The proposal included an import ban on all Russian oil - sea-borne and pipeline, crude oil and refined products. However, reliance on Russian crude varies significantly between EU countries, and so does their ability to replace Russian supplies with alternatives. As a result, the EU is struggling to find an oil sanctions package that all states accept. It says halting Russian oil imports would pummel its land-locked economy because it cannot easily get oil from elsewhere. That has so far not convinced Hungary, which says it needs financing to upgrade an oil pipeline from Croatia and switch its refineries to handle non-Russian oil.

Source: bd News24 May 30, 2022 22:15 UTC