{"id":495118,"date":"2022-05-31T12:54:16","date_gmt":"2022-05-31T07:24:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=495118"},"modified":"2022-05-31T12:54:16","modified_gmt":"2022-05-31T07:24:16","slug":"european-union-close-to-agreement-on-russia-oil-ban","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/european-union-close-to-agreement-on-russia-oil-ban\/","title":{"rendered":"European Union close to agreement on Russia oil ban"},"content":{"rendered":"<p>EU leaders were poised to endorse an embargo on Russian oil on Monday after weeks of intensive talks, the bloc\u2019s most far-reaching effort to punish Moscow for its invasion of Ukraine by depriving the Kremlin of a key stream of revenue and accelerating Europe\u2019s independence from Russian fuel.<\/p>\n<p>To reach the proposed compromise at a summit in Brussels, however, negotiators were forced capitulate to Hungary\u2019s demand that it be practically indefinitely exempted from the measure.<\/p>\n<p>The exemption would barely dent the impact of the bloc\u2019s new sanctions on Russia: given Hungary\u2019s small size, its continued purchase of Russian oil offers little financial benefit for the Kremlin. But politically, it offered the most definitive sign yet that Hungary has peeled away from the bloc in meaningful ways when it comes to Russia, with which it maintains close political links.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EU leaders were poised to endorse an embargo on Russian oil on Monday after weeks of intensive talks, the bloc\u2019s most far-reaching effort to punish Moscow for its invasion of Ukraine by depriving the Kremlin of a key stream of revenue and accelerating Europe\u2019s independence from Russian fuel. To reach the proposed compromise at a summit in Brussels, however, negotiators were forced capitulate to Hungary\u2019s demand that it be practically indefinitely exempted from the measure. The exemption would barely dent the impact of the bloc\u2019s new sanctions on Russia: given Hungary\u2019s small size, its continued purchase of Russian oil offers [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-495118","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/495118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=495118"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/495118\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=495118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=495118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=495118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}