A formerly 'inconceivable' E.U. proposal would mark a historic shift to relations with Russia

[muriel_volestrangler]

3. What that doesn't spell out is how slow the ban will be

The original proposal would have halted Russian oil imports into the EU within six months and refined oil products by the end of 2022. Hungary and Slovakia would have been given until the end of 2023 to adapt under the original EU plan.

The tweaked proposal also reportedly includes a three-month transition before banning EU shipping firms from the transport of Russian oil to address the concerns by Greece, Malta and Cyprus. The original plan put forward a one-month transition.

Negotiations on the embargo could continue well into the weekend. Other ideas for sanctions reportedly under consideration include financial measures such as kicking Russia's Sberbank off the global SWIFT financial system.

https://www.dw.com/en/ukraine-eu-struggles-to-find-unity-on-russian-oil-embargo/a-61713243

The European Commission has amended a proposal for an embargo on Russian oil to extend the period before it takes effect for Hungary, Slovakia and the Czech Republic, two sources told Reuters on Friday.

Under the tweaked proposal, Hungary and Slovakia will continue to be able to buy Russian oil from pipelines until the end of 2024, whereas the Czech Republic could continue until June 2024, provided that it does not get oil via a pipeline from southern Europe earlier, the sources said.

https://www.reuters.com/article/ukraine-crisis-eu-sanctions/eu-offers-concessions-to-hungary-slovakia-czech-republic-on-oil-embargo-sources-idINL5N2WY2AS