EU may offer Hungary, Slovakia exemptions from Russian oil embargo

The European Commission may offer Slovakia and Hungary an exemption from the embargo on buying Russian oil, which will likely only take full effect from the start of next year

The European Commission may spare Hungary and Slovakia from an embargo on buying Russian oil, now under preparation, wary of how dependent the two countries are on Russian crude, two EU officials said on Monday.

To keep the 27-nation bloc united, the Commission might offer Slovakia and Hungary “an exemption or a long transition period”, one of the officials said. EU countries have paid Russia nearly 20 billion euros since Feb. 24, when it invaded Ukraine in what Moscow calls a “special military operation”, according to research organization the Centre for Research on Energy and Clean Air.

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