Energy News  
TRADE WARS
EU seeks unity amid calls for fresh sanctions on Russia
By Christian SPILLMANN
Luxembourg (AFP) April 11, 2022

Horrified by the devastation wreaked by Russian troops in Ukraine, EU foreign ministers launched discussions Monday on a sixth round of sanctions, but a consensus is proving increasingly difficult.

"Nothing is off the table, including sanctions on oil and gas," Josep Borrell, the European Union's top diplomat, told reporters after the meeting. "But today, no decision was taken."

At the same time, he pointed to an anticipated massive Russian assault on Ukraine's southeastern Donbas region, and said the main focus now needed to be on providing more military aid to Kyiv.

"Let's have no illusions. If you cut gas today, it's not going to stop the Russian army from waging war in the next couple of weeks," he said.

The EU ministers approved adding another 500 million euros ($550 million) to the one billion euros it has already approved for financing and delivering weapons to the Ukrainian government, although the decision still needed to be ratified by the parliaments of a couple of member states.

Borrell meanwhile warned that the bloc also needed to bolster its defences in another kind of battle: "A battle of narrative."

Russia, he said, was trying to blame a growing global food crisis on the international sanctions slapped on it, whereas the blame lay with Moscow, which Borrell accused of "sowing bombs on Ukraine's fields, (while) Russian warships have blockaded tens of ships full of wheat".

- Russia 'causing food scarcity' -

"Stop blaming the sanctions," he said. "It is the Russian military that is causing food scarcity."

Five rounds of sanctions have already been implemented since Russia's invasion of Ukraine on February 24, and Borrell said foreign ministers had discussed Monday "how to implement the sanctions to avoid any kind of loopholes," as well as "what else can be done".

The European Union is now committed to what European Commission chief Ursula von der Leyen says are "rolling sanctions" on Russia. But it has so far held back from those which would hit Moscow's coffers the hardest: a boycott of Russian oil and gas exports.

The fifth round of sanctions includes a ban on Russian coal imports into the EU -- an important first step towards what could become a broader prohibition on energy supplies.

Many ministers at Monday's meeting backed further energy sanctions, but they also stressed the importance of maintaining EU consensus and unity.

One obstacle to widening energy sanctions is Hungarian Prime Minister Viktor Orban, an EU leader close with the Russian president who won re-election to a fourth term a week ago.

Orban has refused to take them further. Yet EU sanctions require unanimity from all 27 member states.

Hungary and Bulgaria had meanwhile not blocked the move to release further funds to provide more weapons to Ukraine, as some had feared.

"They will pay their share of the 1.5 billion," Borrell said.

- 'Inadequate' -

The dependence on Russian hydrocarbons of Germany, Austria, Bulgaria, Italy and some other EU countries has also made it difficult to find consensus on tightening sanctions further.

"But there are no flat 'No's', like there were in the beginning," Swedish Foreign Minister Ann Linde said after the meeting, acknowledging though that "this is not going to be a swift decision".

Polish Foreign Minister Zbigniew Rau complained that the EU was acting too slowly.

"We should have already introduced this embargo a long time ago," he said. "At the moment, the sanctions are inadequate."

Irish Foreign Minister Simon Coveney acknowledged that banning Russian oil was "very difficult for some member states".

But, he told reporters, "the European Union is spending hundreds of millions of euros on importing oil from Russia that is certainly contributing to financing this war".


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Shanghai lockdown snarls world's busiest port and China supply chains
Beijing (AFP) April 8, 2022
Shanghai's grinding coronavirus lockdown is slowly clogging China's supply chains, as delays hit the world's busiest container port where staff are tangled in a morass of Covid controls. Beijing has refused to tack away from its strict zero-Covid strategy that has protected its public health system through the pandemic but at a mounting economic cost. China's financial hub Shanghai - home to multinational firms and its busiest port - has been sealed off almost entirely for a week following an ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Paris climate targets feasible if nations keep vows

Lots of low- and no-cost ways to halt global warming

Compact, green and car-free. Can city living beat climate change?

Govts, businesses 'lying' on climate efforts: UN chief

TRADE WARS
Electric, low-emissions alternatives to carbon-intensive industrial processes

A new heat engine with no moving parts is as efficient as a steam turbine

Freeze-thaw battery is adept at preserving its energy

Novel use of iron-laced carbon nanofibers yields high-performance energy storage

TRADE WARS
Transport drones for offshore wind farms

Lack of marshaling ports hindering offshore wind industry

Favourable breezes boost Spain's wind power sector

Brazil to hold first offshore wind tender by October: official

TRADE WARS
Engineers enlist AI to help scale up advanced solar cell manufacturing

You've heard of water droughts - could 'energy' droughts be next

New-generation solar cells raise efficiency

Zinc-air battery with improved performance by solar power

TRADE WARS
In 'project of the century', Swiss seek to bury radioactive waste

Toshiba pauses spin-off plan, weighs going private

Safely storing Canada's used nuclear fuel for millennia

Hungary gets first delivery of Russia nuclear fuel since war

TRADE WARS
Biden's biofuel: Cheaper at the pump, but high environmental cost?

Fuel from waste wood

Breaking down plastic into its constituent parts

Could we make cars out of petroleum residue?

TRADE WARS
US-led task force to patrol Red Sea off war-torn Yemen

IEA lowers world oil demand outlook on China lockdowns

From Denmark to Portugal, Europe ups effort to quit Russian gas

Ecuador expands oil extraction from Amazon reserve

TRADE WARS
Dust storm covers Iraq for second time in a week

Hunger crisis across Africa 'going unnoticed,' says Red Cross

Climate scorecard: good news and bad news

'Now or never' to avoid climate catastrophe, warns UN









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.