Russia makes $1bn day by day as EU disagrees on oil sanctions

European international locations’ leaders are at the moment at loggerheads after they didn’t discover a

European international locations’ leaders are at the moment at loggerheads after they didn’t discover a lasting settlement on ban of Russian crude oil and fuel.

In a gathering held between Sunday and Monday, the European Union didn’t agree on an embargo on Russian oil.

The bloc will meet once more on Tuesday.

The lack of the EU to succeed in an settlement means Russia continues to be incomes over $1 billion from oil and fuel gross sales to European international locations, the Ukraine President, Volodymyr Zelenskyy, mentioned on Monday.

An EU official advised journalists {that a} full oil embargo can be a giant blow to many European international locations.

One of many international locations refusing to agree on a full oil embargo is Hungary with a easy message that it can’t simply get oil from elsewhere.

READ ALSO: Oil trades at $109 per barrel, as EU decides on ban of Russian oil

Slovakia and the Czech Republic have additionally expressed related considerations.

To interrupt the impasse, the European Fee proposed that the ban applies solely to Russian oil introduced into the EU by tankers, leaving Hungary, Slovakia and Czech Republic to proceed to obtain their Russian oil through the Russian Druzhba pipeline for a while till various provides may be organized.

Nigeria has been touted among the many international locations anticipated to assist remedy the EU oil quagmire however can solely watch the drama as oil manufacturing continues to lag.

The West African nation has under-produced since February, reporting 1.37 million in the course of the month, 1.34million in March, and 1.32m in April, whereas output…

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