According to the EU’s foreign policy chief Kaaja Class, the European Union failed to approve its 18th sanctions on Russia on Tuesday, as the resistance from Slovakia made the deal.
Also Read: Trump sets a 50 -day deadline for Russia, threatening the boycott of oil buyers
Claus expressed disappointment after a meeting of the EU foreign ministers in Brussels, but it was optimistic that the resolution could soon be reached. “I am really upset that it has not been approved today, but I hope we can finalize the package until tomorrow,” he said. The ball is now in Slovakia. “
Bratislava has confirmed the approval of these penalties for its concerns about the European Union’s separate proposal to eliminate Russian gas imports by January 2028. While sources told Reuters that most of the closed sectors of sanctions have been agreed, one member state has been raised about a reduction in the proposed price on priced on Russian oil exports.
The package targets the new sanctions package of the main sectors of the Russian economy, including energy, banking and military and industrial complexes. This includes a proposed ban on Nord Stream gas pipelines and banks suspected of helping Russia by circumventing existing sanctions.
One of the main features of the package is a floating price hat on Russian crude oil – 15 % lower than the world average over the past three months – trying to pressure Moscow’s energy revenues without creating global supply shocks.
The European Commission announced the 18th sanctions last month and intensified Russian pressure due to its continued attack on Ukraine. But the proposal now depends on the EU’s internal talks, while Slovak’s opponents consider the political challenges of maintaining unity in long -term energy policy.
About the Author
