EU's Russia sanctions effort slows over oil dependency
ABC News
The European Union's efforts to impose new sanctions on Russia over the war in Ukraine appear to have bogged down
BRUSSELS -- The European Union’s efforts to impose a new round of sanctions against Russia over the war in Ukraine appeared to bog down on Monday, as a small group of countries continued to oppose a ban on Russian oil imports.
Since Russia invaded Ukraine on Feb. 24, the 27-nation bloc has implemented five rounds of sanctions on Moscow. Russian President Vladimir Putin, senior Russian officials, more than 350 lawmakers and pro-Kremlin oligarchs have been hit with asset freezes and travel bans. Russian banks, the transport sector and alleged propaganda outlets were targeted.
What could have taken years in the past was achieved in less than three months — relative light speed for the bloc. But limiting Russia’s energy income by weaning the EU's dependency on Russian oil — not to mention Russian gas supplies — is proving a tougher nut to crack.
The EU’s executive branch, the European Commission, proposed on May 4 a sixth package of war sanctions that included a ban on oil imports from Russia. European Commission President Ursula von der Leyen conceded at the time that securing the agreement of all “will not be easy.”