Hungary, Slovakia can continue to buy Russian crude oil until end of 2023: source

Follow-ups -eshrag News:

Wed, 2022-05-04 10:52

Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters on Wednesday, benefitting from exemptions from an oil embargo proposed by the European Commission.

The EU executive proposed on Wednesday to ban imports of Russian crude oil within six months, and refined oil products by the end of the year.

In a bid to convince reluctant countries not to veto the proposal, Brussels has proposed a longer period to implement the embargo for Hungary and Slovakia, the source said.

Main category: 
Business & Economy
russia sanctions
Russia Ukraine

EU to lay out new sanctions on Russia, targeting oil importsSaudi economy grows at fastest pace in a decade on rising oil activities

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button