Russian Oil Embargo Could Be Part of Next EU Sanctions Package, Ministers Say

The EU's top diplomat Josep Borrell. Reuters
The EU's top diplomat Josep Borrell. Reuters
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Russian Oil Embargo Could Be Part of Next EU Sanctions Package, Ministers Say

The EU's top diplomat Josep Borrell. Reuters
The EU's top diplomat Josep Borrell. Reuters

The European Union's executive is drafting proposals for an EU oil embargo on Russia, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there was no agreement to ban Russian crude.

Many of the ministers meeting in Luxembourg showed support for sanctions on Russian oil imports, the EU's top diplomat Josep Borrell said, but for others, such a ban would constitute an "asymmetric shock", he said. The bloc agreed, however, to intensify the delivery of weapons to Ukraine, Germany said.

"They are now working on ensuring that oil is part of the next sanctions package," Irish Foreign Minister Simon Coveney said of the European Commission.

Targeting Russian oil, which makes up about a quarter of the EU's crude imports, is seen as the EU's next step as it seeks to pressure Russia to halt the shelling of Ukrainian cities following Moscow's Feb. 24 invasion of Ukraine.

Galvanized by what Ukraine says are senseless killings of civilians by Russian troops since the invasion, the bloc last week approved a fifth round of sanctions on Russia that included an end to Russian coal imports.

Russia has denied targeting civilians in what it calls a "special operation" to "denazify" its southern neighbor.

"Nothing is off the table, including sanctions on oil and gas," Borrell said. He has previously said an embargo must happen "sooner or later". The European Parliament last week voted for an embargo, although its decision is not binding.

'Coordinated plan'
European Commission President Ursula von der Leyen said on April 5 that she was considering additional sanctions, including on oil imports, based in part on proposals from EU governments. Those ideas include imposing tariffs on Russian oil, or a ban on some oil products. Borrell said EU states were also working independently to reduce their dependency.

Any oil embargo rests on both the technical details of the scope and phase-in time of such a move and the support of the EU's 27 member states. Energy dependence varies across the bloc, with countries such as Bulgaria almost totally dependent on Russian oil. Hungary has said it cannot support an oil embargo.

Germany's position, as the EU's biggest economy, will be crucial. While offering Ukraine more weapons, German Foreign Minister Annalena Baerbock called for a "coordinated plan to completely phase out fossil fuels" from Russia. EU diplomats said Berlin is not actively supporting an immediate embargo.

The United States and Britain have banned Russian oil, hoping to cut off a significant source of revenue for Moscow. The decision is harder for Europe's economy due to its dependency and could push up already high energy prices.



Grossi Wants to Meet with Iran’s Pezeshkian ‘at Earliest Convenience’

International Atomic Energy Agency (IAEA) Director General Rafael Grossi speaks to the media at the Dupont Circle Hotel in Washington, US, March 15, 2023. (Reuters)
International Atomic Energy Agency (IAEA) Director General Rafael Grossi speaks to the media at the Dupont Circle Hotel in Washington, US, March 15, 2023. (Reuters)
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Grossi Wants to Meet with Iran’s Pezeshkian ‘at Earliest Convenience’

International Atomic Energy Agency (IAEA) Director General Rafael Grossi speaks to the media at the Dupont Circle Hotel in Washington, US, March 15, 2023. (Reuters)
International Atomic Energy Agency (IAEA) Director General Rafael Grossi speaks to the media at the Dupont Circle Hotel in Washington, US, March 15, 2023. (Reuters)

Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi announced he intends to visit Tehran through a letter he addressed to Iranian President Masoud Pezeshkian.

Iranian Mehr Agency reported that Grossi sent a congratulatory message to the Iranian president-elect, which stated: “I would like to extend my heartfelt congratulations to you on your election win as President of the Islamic Republic of Iran.”

“Cooperation between the International Atomic Energy Agency and the Islamic Republic of Iran has been at the focal attention of the international circles for many years. I am confident that, together, we will be able to make decisive progress on this crucial matter.”

“To that effect, I wish to express my readiness to travel to Iran to meet with you at the earliest convenience,” Iran’s Mehr news agency quoted Grossi as saying.

The meeting – should it take place - will be the first for Pezeshkian, who had pledged during his election campaign to be open to the West to resolve outstanding issues through dialogue.

Last week, American and Israeli officials told the Axios news site that Washington sent a secret warning to Tehran last month regarding its fears of Iranian research and development activities that might be used to produce nuclear weapons.

In May, Grossi expressed his dissatisfaction with the course of the talks he held over two days in Iran in an effort to resolve outstanding matters.

Since the death of the former Iranian president, Ibrahim Raisi, the IAEA chief refrained from raising the Iranian nuclear file, while European sources said that Tehran had asked to “freeze discussions” until the internal situation was arranged and a new president was elected.