December 2, 2022

Taylor Daily Press

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A far cry from new European sanctions and a partial oil embargo on Russia at the European Summit in Brussels

A far cry from new European sanctions and a partial oil embargo on Russia at the European Summit in Brussels

Especially the European countries that import oil through pipelines are putting pressure on them. This concerns Hungary, Slovakia, the Czech Republic, as well as Poland and Germany.

Details of the agreement in principle have yet to be determined. “It is important for Hungary, for example. That country demands that they never run out of oil. The same is true of the Czech Republic and Slovakia. Belgium and the Netherlands demand that they not be at a disadvantage when they have to switch to other countries and more expensive oil. There will be competition but Fair. It will take time to work out the details.”

According to Rob Herbow, there is movement in the coil. “There is a proposal on the table to give pipeline supplier countries an 18-month delay.”

The sixth package of sanctions against Russia will not be fully agreed upon until tomorrow. Only when everything is agreed can it be approved. This may last for days or weeks.

An agreement on 9 billion euros in aid for Ukraine may be on the horizon. Rob Herbaut concludes that “Ukraine desperately needs money to be able to pay the salaries of doctors, teachers, police, soldiers, and in fact the entire Ukrainian state. Europe wants to provide 9 billion euros in support.”

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