Top EU diplomat says no agreement on Russian energy embargo

Josep Borrell says topic will be discussed at EU summit next month

There is insufficient support from European Union member states for a complete embargo or punitive tariff on Russian oil and gas imports, the EU’s top diplomat Josep Borrell was quoted as saying by German newspaper Die Welt on Monday.

Oil exports are the Kremlin’s main source of foreign currency and many within the EU have called for an end to oil payments because they effectively finance the war in Ukraine, which Russia calls a “special military operation.” Russia is Europe’s biggest oil supplier, providing just over a quarter of EU oil imports in 2020, according to data from the bloc’s statistics office Eurostat.

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