6th Sanction Package against Russia has been Approved by UN ambassadors
The sixth sanction package includes a partially postponed oil embargo...
As China and Russia plan to work together to show the world “True Democracy,” EU ambassadors have pushed forward a sixth sanction package against Russia that includes a partially postponed oil embargo.
"There is a decision of the ambassadors. The sixth package will come into force after publication in the Official Journal of the EU, tentatively on Friday."
A Brussels Diplomat said.
Five packages of sanctions, including economic and individual punishments, against Russia, have already been pushed. Earlier this week, EU member states gathered around the big table to agree upon the sixth. This one however includes a partial embargo on Russian oil imports.
A month has gone by without a compromise. Hungary and other countries have opposed a complete ban on oil imports from Russia. The fear still lingers that the ban will bring damage to the economy and some countries summarized their fears of an oil ban as being “catastrophic for the economy.”
Even with an oil embargo, the European Commission’s position had to be abandoned concerning the pipeline Budapest receives from Russia as they state it would not be a part of the banning for a while.