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No EU deal on Russian oil embargo yet, more talks on Monday

Reuters ECONOMY
Published May 29,2022
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European Union governments failed to reach an agreement on an embargo on Russian oil on Sunday, but will continue negotiations on Monday morning as they seek to prepare an agreement in time for an EU summit on Monday afternoon, an EU official said.

The proposal under discussion now among EU countries assumes a ban on Russian oil delivered to the EU by sea by the end of the year, but foresees an exemption for oil delivered by the Russian Druzhba pipeline, which supplies Hungary, Slovakia and Czechia.