From Europe .. a “severe blow” to the Russian energy sector

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The European Union is preparing a sixth set of sanctions once morest Russia, due to its war on Russia Ukraine.

The new sanctions package is expected to target Russian oil, Russian and Belarusian banks, as well as more individuals and companies.

UNHCR, which coordinates the movement of European Unionconversations dubbed "sects" With small groups of EU countries, it will aim to toughen its sanctions plan ahead of a meeting of EU ambassadors in Brussels on Wednesday.

European Union energy ministers are scheduled to meet in the Belgian capital on Monday to discuss the issue.

The diplomats said that some European Union countries are able to end their use of oil before the end of the year 2022but other countries, particularly members in the south, are concerned regarding the impact on prices.

The diplomats added that Germany, one of the largest buyers of Russian oil, appeared to be ready to agree to halt imports at the end of 2022, but there were still reservations from countries such as Austria, Hungary, Italy and Slovakia.

Some EU countries have suggested choosing a maximum price they are willing to pay for Russian oilBut the plan will force them to pay higher prices to get supplies from elsewhere.

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The European Union is preparing a sixth set of sanctions once morest Russia, due to its war on Russia Ukraine.

The new sanctions package is expected to target Russian oil, Russian and Belarusian banks, as well as more individuals and companies.

UNHCR, which coordinates the movement of European UnionThe talks, dubbed “communities” with small groups of EU countries, will aim to toughen their sanctions plan ahead of a meeting of EU ambassadors in Brussels on Wednesday.

European Union energy ministers are scheduled to meet in the Belgian capital on Monday to discuss the issue.

The diplomats said that some European Union countries are able to end their use of oil before the end of the year 2022but other countries, particularly members in the south, are concerned regarding the impact on prices.

The diplomats added that Germany, one of the largest buyers of Russian oil, appeared to be ready to agree to halt imports at the end of 2022, but there were still reservations from countries such as Austria, Hungary, Italy and Slovakia.

Some EU countries have suggested choosing a maximum price they are willing to pay for Russian oilBut the plan will force them to pay higher prices to get supplies from elsewhere.

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