EU summit to agree sanctions must include Russian oil sanctions with pipeline waivers

The 27 EU member states will “address the issue of temporary exceptions for crude oil delivered by pipeline as soon as possible.”

EU leaders are due to agree at a summit later in the day that a preparatory sanctions package should include a ban on Russian oil imports for Ukraine attacking Moscow, but a waiver of pipeline crude.

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

“The European Council agrees that the Sixth Package of Sanctions against Russia will cover crude oil, as well as petroleum products, to be delivered from Russia to Member States, with a temporary exception for crude oil delivered by pipeline, The latest draft findings, seen by Reuters, said.

The draft states, “The European Council therefore urges its finalization and adoption without delay, ensuring fair competition and an equal playing field in the EU Single Market, and in case of sudden interruption of supply.” Ensures solidarity among member states.

It said the 27 EU member states “will address the issue of temporary exceptions for pipeline-delivered crude as soon as possible.”

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