The Vatulation of the EU should end – the only one who benefits is Vladimir Putin

The EU will discuss the sixth sanctions package once again on Wednesday. The problem is an old familiar, that is, Russian crude oil.

Germany is now bowing to a gradual import ban after a transitional period, but Hungary, Slovakia and the Czech Republic are strongly opposed to it.

The Italian Prime Minister is also on the table Mario Draghin and the United States Secretary of the Treasury Janet Yellenin a proposal for a joint EU-US price cap to make it more difficult to sell Russian oil on the wider global market. Germany has knocked this out.

According to unofficial information, the Commission is working to resolve the deadlock by offering Hungary, Slovakia and the Czech Republic a longer transition period to ban oil imports. The danger is that a long transition period will make the sanction completely ineffective, even if a decision is eventually reached.

A think tank According to Bruegel’s researchers, a price cap would be a much more effective sanction than an import ban. The problem is particularly transitional, as it will ensure that Russia’s oil inflows continue at least until the end of this year. According to researchers, the import ban would also be relatively easy to circumvent.

According to Bruegel, the most effective measure would be an import duty on Russian oil. However, it is not even in the debate in the EU at the moment.

Indeed, it seems that the vatulation of EU countries will continue, and the oil sanctions will not be achieved again.

At the same time At the same time, the Commission is expected to set out how EU governments should react to account openings by energy companies In Gazprombank. The aim is to circumvent the penalty for ruble payments by paying gas bills in euros and converting the amounts into rubles and continuing to pay gas suppliers.

“The most effective action is not even in the debate.”

Here, too, Germany is moving in its entirety. Its finance ministry said on Friday that gas bills could be paid through Gazprombank without violating sanctions. Italy’s position, for example, is exactly different.

Mario Draghi urges the Commission to take a clear decision very quickly. Otherwise, there is a danger that both EU countries and energy companies will make their own decisions, which will water down sanctions.

The EU must now stop wandering around Russia altogether. Joint decisions must be reached. The only one to benefit from the current ambiguity is the President of Russia Vladimir Putin.

The author is the correspondent of Kauppalehti in Udine.

By Editor

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