Home News The sixth package of EU anti-Russian sanctions blocked “for well-known reasons”

The sixth package of EU anti-Russian sanctions blocked “for well-known reasons”

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The sixth package of EU anti-Russian sanctions has been blocked due to disagreements and objections from a number of countries. This was announced today, May 18, by the European Commissioner for Economic Affairs Paolo Gentiloni.

“We adopted five packages of sanctions very quickly and unanimously, but the sixth package is still standing for well-known reasons. I am optimistic about the prospects for finding a compromise,” Gentiloni said.

He explained that the Hungarian government does not object to the embargo principle, but “points to the complexity of the country of a certain geographical location and energy supply model.”

“Therefore, Hungary believes that it can count on some support, although this is not easy,” the European Commissioner added.

As reported EADaily , the sixth package of sanctions against Russia includes a project of a delayed oil embargo: the European Commission proposed a ban on the import of crude oil from the Russian Federation six months after the entry into force of the sixth package, and on the import of petroleum products from 2023. The European Commission allowed Hungary and Slovakia to purchase Russian oil until the end of 2024.

Hungary, with the support of several other countries, opposes the oil embargo because it believes the damage would be catastrophic for Europe.

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