“This will affect banks that are systemically critical of Russia’s financial system and Putin’s ability to lead destruction. This will strengthen the complete isolation of the Russian financial sector from the global system, “explained Ursula von der Leyen, the head of the Commission.
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For sanctions to take effect, they must be approved unanimously by the Member States. According to diplomats, a discussion on the oil embargo is expected. Hungary and Slovakia, which refuse to support them due to their high dependence on Russian raw materials, should, according to EU officials, be granted an exemption for oil imports next year.
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| The Czech Republic will manage the cutting from Russian oil |
| If the EU member states agree to ban Russian oil imports, it will not be such a blow for the Czech Republic. Oil imported from Russia accounts for about half of the Czech Republic’s total consumption, unlike gas, where the Czechia is almost completely dependent on commodities from Russia. |
| Fuels would become more expensive, but only for a short time. “At most up to CZK 47 to 49 per liter, ie lower than it was in March at the time of the highest increases,” Lukáš Kovanda, chief economist at Trinity Bank, told Práva. |
| For example, Russian supplies could replace supplies from the TAL pipeline, which runs from Trieste, Italy, to Ingolstadt, Germany, and is connected to the IKL pipeline, which runs to Kralupy nad Vltavou. According to Kovanda, an increase in supplies would also be possible in Azerbaijan. |
| According to the spokesman of the Czech Association of Petroleum Industry and Trade Václav Loula, the operation of the Kralupy refinery is adapted to non-Russian oil, and raw materials from Azerbaijan, Kazakhstan and the USA are also processed there. |
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According to von der Leyen, there are plans to phase out oil supplies over the next six months, and refined products should be banned by the end of the year. “It will not be simple. Some Member States are heavily dependent on Russian oil. But we just have to work on it, “said the chairwoman.
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The European Commission also wants to punish army officials responsible for atrocities against civilians in Buč and other cities and for the attack on Mariupol.
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The trio of Russian state televisions broadcasting Kremlin propaganda are also scheduled to be banned from broadcasting in EU countries. “We should no longer give them room to spread these lies,” von der Leyen added.
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