EU plotting backup plan if oil embargo fails – media ...News

Russia Today - Economy
EU plotting backup plan if oil embargo fails – media
source : Russia Today ( News ) () 6
Brussels may impose tariffs on Russian crude to make it less competitive The EU is reportedly considering imposing import tariffs on Russian crude if any members of the bloc refuse to implement the terms of the newly announced embargo on oil from the country, the FT reported on Wednesday. Earlier this week, EU member states reached an agreement on a partial ban of Russian crude from the bloc’s market. The cushioned embargo will affect about 75% of Russian oil imports, with that percentage growing to 90% by the end of the year. However, the measure allows a temporary exemption for pipeline supplies, which was intro

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