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Added on the 04/05/2022 14:35:45 - Copyright : France 24 EN
The EU ban will not be completed until the end of the year, so its economic effects are still unclear.
The proposed embargo has hit an impasse as Hungary demands a lengthier phase-out and extra investments to revamp its energy system.
Twelve days after the Commission unveiled its plans to impose a phased embargo on Russian oil, negotiations are still dragging on. Hungary is now being accused of keeping the sanction package "hostage".
The bloc has decided to phase out all purchases of Russian coal. Should oil and gas be next? View on euronews
The European Council agreed to a Hungarian demand to completely spare oil imports coming through pipelines.