In response to growing pressure from Donald Trump to permanently sever all energy relations with Moscow, the European Commission is developing a new plan to put taxes on Russian oil that continues to enter the single market through Hungary and Slovakia. Finding alternate suppliers will become more urgent as a result of the additional duties, which are intended to raise material costs for both countries.
The initiative will be distinct from the 19th package of sanctions that is presently being considered, according to Olof Gill, the Commission’s deputy spokesperson, who stated on Wednesday that we will in due course present what we have on mind with this. Each of the nations is expected to get 100,000 barrels of Urals oil per day, a heavy crude that their refineries are built to handle.
Originally intended to be temporary, the carve-out has never been returned. However, Donald Trump has now made it a major issue. In an effort to put more pressure on the Kremlin and put an end to the conflict in Ukraine, the president of the United States has openly urged European countries to stop purchasing Russian oil immediately.
In his speech to the UN General Assembly, Trump claimed that “China and India are the primary sponsors of the ongoing war by choosing to purchase Russian oil – but inexcusably, even NATO countries have not cut off much Russian energy.
Also Read:
In Texas, a Deadly Measles Outbreak Does little to Dispel Vaccine Skepticism
