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EU running out of Russia sanctions – Euractiv
Link: https://www.rt.com/business/555763-eu-running-out-of-sanctions/
Failure of EU member states to agree on a Russian oil embargo indicates the bloc is reaching the limits of its ability to impose financial sanctions on Moscow, an EU diplomat told Euractiv this week foreign ministers meeting on Monday. “The 7th package of sanctions against Moscow will be extremely difficult … We are very close to reaching our limits. Countries highly dependent on Russian oil, including Hungary, the Czech Republic, Slovakia, and Bulgaria, have repeatedly expressed their objections to a ban. The Hungarian government says an embargo would deal a crippling blow to the economy. Experts say an immediate ban on oil and gas from the continent’s major supplier is impossible. Europeans are already struggling with spiking inflation and soaring energy and food prices.
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