EU prepares Russia oil embargo – media ...News

Brussels intends to reject a US tariff proposal and instead embargo oil imports from Russia, press reports claim Snubbing US Treasury Secretary Janet Yellen’s proposal to impose tariffs and thereby mitigate a global price spike, the European Union is preparing to embargo all imports of oil from Russia sometime next week, the New York Times reported on Friday, citing anonymous officials in Brussels. Ambassadors for the 27 member nations will meet next Wednesday and give their final approval for the measure by the end of the week, the US outlet claimed, citing “several EU officials and diplomats involved in the proc

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