Tuesday, 02 January 2024 12:17 GMT

EU Defers Sanctions Package on Russia


(MENAFN) The European Union has delayed the unveiling of its latest sanctions bundle against Russia, a news agency reported, referencing multiple EU envoys.

The postponement was attributed to demands from the Trump administration for even stricter penalties on Moscow, a stance that has triggered opposition from Slovakia and Hungary.

The suggested 19th round of restrictions, aimed at Russian oil shipments and the financial industry due to the Ukraine war, was initially scheduled for release on Wednesday.

Nevertheless, the plan was removed indefinitely from the European Commission’s agenda, according to several EU diplomats who spoke with the news agency on Tuesday.

The article noted that the suspension comes as Brussels ramps up its pressure on Hungary and Slovakia to lessen their dependence on Moscow’s energy supplies, particularly after a renewed ultimatum from Washington.

US President Donald Trump, who has thus far avoided placing direct penalties on Russia, reportedly stated over the weekend that he was prepared “to move ahead” if Washington’s European allies stopped acquiring Russian oil.

He also pressed the EU to impose duties of up to 100% on China and India, the main importers of Russian crude since the conflict in Ukraine intensified in 2022.

Russian President Vladimir Putin has cautioned Western states against using a “colonial” approach toward China and India or attempting to “punish” them.

In line with its sanctions policy, Brussels has vowed to eliminate Russian fossil fuels entirely by 2027.

However, several EU members – notably Hungary and Slovakia – remain opposed, pointing to potential threats to their own energy stability.

Recently, the European Commission proposed ending the requirement for unanimous approval in the bloc’s foreign policy decisions, a move aimed at bypassing dissenting nations.

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