EU wrestles with Russia oil embargo as leaders gather

EU wrestles with Russia oil embargo as leaders gather

SeattlePI.com

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BRUSSELS (AP) — European Union leaders will gather Monday in a new show of solidarity with Ukraine but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go to help the war-torn country.

Ukrainian President Volodymyr Zelenskyy, who will address the 27 heads of state and government by videoconference in the evening, has repeatedly demanded that the EU target Russia’s lucrative energy sector and deprive Moscow of billions of dollars each day in supply payments.

But Hungary is leading a group of countries – along with Slovakia, the Czech Republic and Bulgaria – that rely on Russian oil and can't afford to take such steps. Hungary gets more than 60% of its oil from Russia and 85% of its natural gas. Prime Minister Viktor Orban has insisted that an oil embargo should not be discussed at the summit.

The EU has already slapped five rounds of sanctions on Russia over its actions in Ukraine. It’s targeted more than 1,000 people, including President Vladimir Putin and top government officials, as well as pro-Kremlin oligarchs, banks, the coal sector and more.

A sixth package was announced on May 4, but the hold up over oil is embarrassing the bloc. Ahead of the summit, officials suggested that a solution might be found by targeting oil transported by ships and holding fire on the pipeline oil so valuable to Hungary.

“If we target the oil arriving by sea, we’ll hit at least two thirds of exports, perhaps more,” a senior EU official said. He declined to be named given the sensitive nature of the negotiations. Hungary and Slovakia depend on Russian oil they receives through the Soviet-era Druzhba pipeline.

The problem with hitting sea transported oil is that countries like Belgium, Germany and the Netherlands...

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