Search results
Results From The WOW.Com Content Network
Russian oil exports by destination in 2020. On 7 March 2022, German chancellor Olaf Scholz and other European leaders pushed back against the call by the US and Ukraine to ban imports of Russian gas and oil because "Europe's supply of energy for heat generation, mobility, power supply and industry cannot be secured in any other way".
Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases but the 27 members of the European Union have not been able to agree on the embargo. The EU ...
Since the 2022 Russian invasion of Ukraine, the European Union, the G7 nations and Australia have imposed sanctions on Russia.The sanctions on oil began in December 2022 and included an embargo of Russian oil, namely, the bringing of crude oil and refined oil products from Russia to the EU and other G7 nations by ship, with a few exceptions.
A Global Witness investigation found that 130 million barrels of refined products were imported into the EU from refineries that process Russian crude oil in 2023, worth an estimated €1.1bn in ...
Sanctions on refined oil products were effected on 5 February 2023 [5] and apply to the following Russian oil products falling under combined nomenclature code 2710, [6] being "Petroleum oils and oils obtained from bituminous minerals (excluding crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic ...
The European Union published plans on Wednesday to end its reliance on Russian gas, oil and coal by 2027, laying out measures to expand renewable energy faster, save more energy and hike imports ...
In response to these complaints, European Commission officials publicly assured that they would review the matter and facilitate a resolution, while also stating that there was no immediate threat to the EU's general oil supply security. [12] Privately, they expressed frustration with Hungary and Slovakia's continued dependence on Russian oil. [3]
From the moment Russia invaded on Feb. 24, the West has sought to hit Moscow's lucrative energy sector to cut off funding for its war. European countries that are even more heavily dependent on ...