Touché - the EU’s Embargo on Russian Oil
Touché - the EU’s Embargo on Russian Oil

Author(s): Zuzanna Nowak
Subject(s): Politics, Environmental and Energy policy, International relations/trade, Security and defense, Russian Aggression against Ukraine
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: EU; Russia; oil; embargo; sanctions;
Summary/Abstract: After lengthy negotiations, the EU Member States approved the scope of the sixth package of sanctions against Russia. The restrictions include a ban on imports of Russian oil and are intended to cut off the aggressor from key revenues in trade with the West. The use of this sanctioning instrument, while deemed necessary, is nevertheless problematic for many countries, as reflected by the numerous derogations. The consequences of implementing these restrictions will be felt not only by Russians but also by EU citizens, and their actual effectiveness can be assessed only in a few months.

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