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.



China Urges Philippines to Return to ‘Peaceful Development’

 Soldiers march during a military parade held to mark the 89th founding anniversary of the Armed Forces of the Philippines (AFP) at Camp Aguinaldo in Manila on December 20, 2024. (AFP)
Soldiers march during a military parade held to mark the 89th founding anniversary of the Armed Forces of the Philippines (AFP) at Camp Aguinaldo in Manila on December 20, 2024. (AFP)
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China Urges Philippines to Return to ‘Peaceful Development’

 Soldiers march during a military parade held to mark the 89th founding anniversary of the Armed Forces of the Philippines (AFP) at Camp Aguinaldo in Manila on December 20, 2024. (AFP)
Soldiers march during a military parade held to mark the 89th founding anniversary of the Armed Forces of the Philippines (AFP) at Camp Aguinaldo in Manila on December 20, 2024. (AFP)

China's foreign ministry on Thursday urged the Philippines to return to "peaceful development", saying Manila's decision to deploy a US medium-range missile system in military exercises would only bring the risks of an arms race in the region.

The US Typhon system, which can be equipped with cruise missiles capable of striking Chinese targets, was brought in for joint exercises earlier this year.

On Tuesday, Philippine Defense Minister Gilberto Teodoro said the Typhon's deployment for joint exercises was "legitimate, legal and beyond reproach". Army chief Roy Galido said on Monday that the Philippines was also planning to acquire its own mid-range missile system.

Rivalry between China and the Philippines has grown in recent years over their competing claims in the South China Sea. Longtime treaty allies Manila and Washington have also deepened military ties, further ratcheting up tensions.

"By cooperating with the United States in the introduction of Typhon, the Philippine side has surrendered its own security and national defense to others and introduced the risk of geopolitical confrontation and an arms race in the region, posing a substantial threat to regional peace and security," said Mao Ning, a spokesperson at China's foreign ministry.

"We once again advise the Philippine side that the only correct choice for safeguarding its security is to adhere to strategic autonomy, good neighborliness and peaceful development," Mao told reporters at a regular press conference.

China will never sit idly by if its security interests were threatened, she added.

The Philippine embassy in Beijing did not immediately respond to a Reuters request for comment.

China claims almost the entire South China Sea, which is also claimed by several Southeast Asian countries including the Philippines.