https://sputnikglobe.com/20221215/eu-leaders-will-not-agree-on-9th-package-of-sanctions-against-russia-on-thursday-borrell-says-1105480088.html
EU Leaders Will Not Agree on 9th Package of Sanctions Against Russia on Thursday, Borrell Says
EU Leaders Will Not Agree on 9th Package of Sanctions Against Russia on Thursday, Borrell Says
Sputnik International
MOSCOW (Sputnik) - The EU leaders will not agree on the ninth package of sanctions against Russia on Thursday as further negotiations are needed at the level... 15.12.2022, Sputnik International
2022-12-15T10:37+0000
2022-12-15T10:37+0000
2023-04-12T17:15+0000
world
josep borrell
sanctions
russia
european union (eu)
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The EU, Britain, and the United States imposed economic restrictions against Moscow after Russia launched a military operation in Ukraine on February 24. In October, the EU introduced the eighth package of sanctions, which included a legislative basis for setting a price cap for maritime shipments of Russian oil to third countries.In December, the EU also reached an agreement on setting a price cap on Russian oil at $60 per barrel, which went into effect on Monday. The cap will be reviewed every two months to remain at 5% below the International Energy Agency benchmark. The G7 nations and Australia also agreed the same day to set a $60 price ceiling on oil from Russia. Moscow, however, lambasted the decision, stressing that it would only sell oil to the countries on a market basis.
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russian oil, eu sanctions, anti-russia sanctions, 9th sanction package, josep borrell
russian oil, eu sanctions, anti-russia sanctions, 9th sanction package, josep borrell
EU Leaders Will Not Agree on 9th Package of Sanctions Against Russia on Thursday, Borrell Says
10:37 GMT 15.12.2022 (Updated: 17:15 GMT 12.04.2023) MOSCOW (Sputnik) - The EU leaders will not agree on the ninth package of sanctions against Russia on Thursday as further negotiations are needed at the level of ambassadors, EU foreign policy chief Josep Borrell said.
"I do not think the agreement will come from this meeting [on Thursday], we will have to continue working at the level of the COREPER [the EU Permanent Representatives Committee]," Borrell said ahead of the EU summit in Brussels.
The EU, Britain, and the United States imposed economic restrictions against Moscow after Russia launched a military operation in Ukraine on February 24. In October, the EU introduced the
eighth package of sanctions, which included a legislative basis for setting a price cap for maritime shipments of Russian oil to third countries.
In December, the EU also reached an agreement on setting a
price cap on Russian oil at $60 per barrel, which went into effect on Monday. The cap will be reviewed every two months to remain at 5% below the International Energy Agency benchmark. The G7 nations and Australia also agreed the same day to set a $60 price ceiling on oil from Russia. Moscow, however, lambasted the decision, stressing that it would only sell oil to the countries on a market basis.
