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

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 86%

United States Headlines News

United States Latest News,United States Headlines

The proposed oil ban is the latest previously unthinkable way in which Russia’s relationship with the West has changed.

The backlash is stronger than even Russia’s biggest critics might have expected. And all this for a country that 20 years ago was declared by Western economists to be among the world’s most promising emerging economies and a hot spot for investment, alongside the other so-called BRICS nations of Brazil, India, China and South Africa.

An employee works on a gas installation at the Sofia Iztok thermal power plant on May 5, 2022, a week after the halt of Russian gas supply to Bulgaria.Ursula von der Leyen, the head of the European Commission, the E.U.’s executive body, announced plans Wednesday for a “complete import ban on all Russian oil, seaborne and pipeline, crude and refined.” Most countries will phase out Russian crude oil within six months and refined oil by the end of the year, the plans say.

And some are calling for an even faster timeline. Siegfried Mureșan, a Romanian member of the European Parliament and a vice-chair of the center-right European People’s Party grouping, said the time for action is now. Mureșan noted that the E.U. and its allies had stood through various Russian transgressions — such as the annexation of the Crimean Peninsula in 2014 — without looking to change its energy relationship.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Well done Biden. We could trade with Russians but because of your sons business interests we refuse.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Whistleblower discusses DHS official altering Russia intel reportBrian Murphy tells Newsy there's much more than the inspector general's office should investigate beyond his 2020 allegation.
Source: 10News - 🏆 732. / 50 Read more »

Russia tightens grip on Mariupol as Ukraine seeks more Western aidA Pentagon spokesman said most Russian forces who had been fighting in Mariupol have left and gone north, a sign that Russia feels it has control of the city. 72 days of massacre. We don't need selfies. WE NEED PEACE, START PEACE TALKS!!! URGENTLY
Source: washingtonpost - 🏆 95. / 72 Read more »

Richardson helping to free WNBA star Brittney Griner from detention in RussiaIsn't this guy an Epstein sex island pervert Bill Richardson ~ Epstein’s NMex Ranch!!
Source: ABC - 🏆 471. / 51 Read more »

Russia-Ukraine live updates: Mariupol official describes Russian 'filtration camps'Dramatic footage captures the moment rockets hit an amusement park in Kharkiv, Ukraine. Fire crews eventually contained the fire and one woman suffered shrapnel wounds from the shelling, according to State Emergency Services. willowfrantn 💔🇺🇦💔 F*ck Russia Russia only destroys. Russia never builds up. 😭😭😭
Source: ABC - 🏆 471. / 51 Read more »

Russia hitting Ukrainian supply lines, but not with much 'accuracy’Russia's military has attacked critical infrastructure in the western part of Ukraine, likely in an attempt to hamper Kyiv's ability to resupply its troops.
Source: dcexaminer - 🏆 6. / 94 Read more »

ECB member pushes for quick move to raise rates, says Russia-Ukraine war could derail recoveryThe European Central Bank should move quickly to raise interest rates in order to tackle soaring inflation, according to Finland's central bank chief. so its the war but not 2 years of pandemic and not the irresponsible spending and not the too much borrowing/printing money and not the funding of wars and not sanctions. Got it. * so many ands forgive me*
Source: CNBC - 🏆 12. / 72 Read more »