| 13.4°C Dublin

Close

Premium


Embargo on oil is EU’s trump card – it now has few moves left to make against Russia

James Crisp


Close

German chancellor Olaf Scholz attends a news conference during a European Union leaders summit in Brussels. Photo: Reuters/Johanna Geron

German chancellor Olaf Scholz attends a news conference during a European Union leaders summit in Brussels. Photo: Reuters/Johanna Geron

German chancellor Olaf Scholz attends a news conference during a European Union leaders summit in Brussels. Photo: Reuters/Johanna Geron

The EU may have agreed a ban on two-thirds of its oil imports from Russia, but the deal represents a high water mark for sanctions – its future measures will now be compromised.

The bloc swiftly imposed five rounds of damaging sanctions on Moscow after the invasion of Ukraine in February. Agreeing the measures with such speed and unity was a considerable diplomatic achievement because EU sanctions require the unanimous support of all 27 member states. But the sixth wave of sanctions, which includes a contentious oil embargo, broke on the bloc’s dependence on Russian energy supplies.


Most Watched





Privacy