EU summit to agree sanctions should include Russian oil embargo with pipeline exemption

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The 27 member countries of the EU should “address the issue of the temporary exception for crude oil delivered by pipeline as soon as possible”.

European Union leaders are due to agree at a summit later today that the sanctions package being prepared should include an embargo on Russian oil imports as punishment for Moscow’s invasion of Ukraine. , but exempt deliveries of crude oil by pipeline.

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But, unable to agree on all the details of the oil embargo, the leaders will leave final agreement on the package for later.

“The European Council agrees that the sixth sanctions package against Russia will cover crude oil, as well as petroleum products, delivered from Russia to Member States, with a temporary exception for crude oil delivered by pipeline,” the latest draft conclusions , seen by Reuters, said.

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“The European Council therefore urges the Council to finalize and adopt it without delay, ensuring fair competition and a level playing field in the EU single market, as well as solidarity between Member States in the event of sudden disruption of supply,” the draft says.

He added that the 27 member countries of the EU would “address the issue of the temporary exception for crude oil delivered by pipeline as soon as possible”.

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