Brussels imposes a complete embargo on Russian crude oil and oil products transported by sea, accounting for 90% of EU oil imports from Russia. The embargo will allow for transitional periods to adapt to the global sector and markets. Thus, Russian oil will be phased out in six months, and other refined oil products in eight months, News.ro reports.
The embargo also includes a temporary exemption for pipeline crude oil so that Russian oil can be disposed of in an orderly manner and the EU and its partners can provide alternative supplies and minimize global oil prices.
Member States with a “dependence on pipeline deliveries from Russia can benefit from a temporary exemption and can continue to receive pipeline oil until the Council decides otherwise,” the source said.
The EU has agreed on a “special temporary derogation” until the end of 2024 for Bulgaria, which will be able to continue to import crude oil and petroleum products by sea. Croatia will also have a waiver on “imports of vacuum diesel” until the end of 2023.
Russia’s Rossiya RTR / RTR Planeta, Rossiya 24 / Russia 24 and TV Center International have been targeted because they promote a disinformation campaign and “propaganda in support of Russian aggression in Ukraine.”
As for export restrictions, the package includes sanctions on “chemicals that could be used in the manufacture of chemical weapons”, the source said.
Other Russian banks, including Sberbank, Russia’s largest bank, and a Belarusian bank have been removed from the international financial system SWIFT.
The sanctions also target 25 Belarusian entities, relating to “authorizations for the sale, supply, transfer or export of dual-use goods and technology, as well as goods and technology that could contribute to the military and technological improvement of Belarus or the development of its sector. defense and security ”.
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