EU Decided to Amend Oil Embargo Plan
The EU decides to amend the plan in order to persuade the member states that were reluctant to impose an embargo on Russian oil.
The EU Decides to Amend the Oil Embargo Plan. While the number of sanctions imposed on Russia due to the Ukraine war is increasing day by day, the EU Commission has made a proposal to stop oil exports from Russia.
When member nations abstained, the commission proposed a three-month transition period instead of a one before the ban will be implemented on maritime services used to carry Russian oil.
Simultaneously, the new proposal contains precise steps to invest in developing oil infrastructure and mitigate the effects of sanctions.
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