Discover and read the best of Twitter Threads about #OilEmbargo
Most recents (8)
#oilembargo short thread (1/7)
Content:
- Ban on seaborne crude and products by end of the year (2/3 EU supply)
- pipeline exemption, to be revised with unclear timeline
- guarantees for HU in case of pipe disruption
- insurance included, shipping services not included
Content:
- Ban on seaborne crude and products by end of the year (2/3 EU supply)
- pipeline exemption, to be revised with unclear timeline
- guarantees for HU in case of pipe disruption
- insurance included, shipping services not included
Comments
The Družba exemption met a lot of criticism but isn't the big part of the story, as Družba north countries (DE,PL) will align with end of year ban. VDL says ban hits 90% of supplies. Question: beside Hungary, what will other Družba south countries (SK,CZ) do?2/7
The Družba exemption met a lot of criticism but isn't the big part of the story, as Družba north countries (DE,PL) will align with end of year ban. VDL says ban hits 90% of supplies. Question: beside Hungary, what will other Družba south countries (SK,CZ) do?2/7
HU guarantee: Beside commercial considerations, Hungary is probably afraid that if becomes the only Družba client, infrastructure security becomes much less of a concern for everyone else 3/7
Break: #EUCO agreement reached on #RussianOil ban
This is a compromise that will only ban #RussianOil imports by ship, but keep imports via pipeline. That was the only way they could overcome the veto from Hungary's Viktor #Orban.
It is a political agreement, it will still need to be translated into a legal text in coming days.
It is a political agreement, it will still need to be translated into a legal text in coming days.
Breaking the impasse on the #OilEmbargo means that the entire sixth package of 🇪🇺sanctions against Russia can now be adopted.
It includes a #SWIFT ban on Sbrebank, banning 3 Russian broadcasters and new sanctions on individual Russians.
It includes a #SWIFT ban on Sbrebank, banning 3 Russian broadcasters and new sanctions on individual Russians.
Leaders now arriving for the #EUCO summit in Brussels.
The big question journalists will be asking: are we really close to a Russian #OilEmbargo agreement today, and what are the details of this compromise?
The big question journalists will be asking: are we really close to a Russian #OilEmbargo agreement today, and what are the details of this compromise?
Entering #EUCO, 🇪🇺President @VonDerLeyen pours cold water on the rumours we are close to a #RussianOil ban deal.
"My expectations are low that it will be solved in the next 48 hours, but I'm confident that thereafter there will be a possibility."
"My expectations are low that it will be solved in the next 48 hours, but I'm confident that thereafter there will be a possibility."
BREAKING: We are close to an agreement on an 🇪🇺 ban on #RussianOil, and the aim is now to adopt this embargo at today's #EUCO summit, according to an EU official. Now added to agenda.
But we could still be in for some fireworks as Orban may hold out a veto on political agreement
But we could still be in for some fireworks as Orban may hold out a veto on political agreement
This last-minute compromise understanding reached by national diplomats just now would exempt all Russian oil imports that come via pipeline. The ban would only apply to seaborne Russian oil (2/3 of Russian imports).
It also includes some additional temporary exemptions.
It also includes some additional temporary exemptions.
It's important to point out that this agreement among diplomats at technical level doesn't necessarily mean we'll have an agreement at political level among prime ministers and presidents at #EUCO today.
We could be in for some last-minute surprises.
We could be in for some last-minute surprises.
Waiting for the 🇪🇺 energy ministers to arrive for the emergency summit to agree an oil embargo against #Russia and a united stance on #Putin’s demand to pay for gas in #rubles.
The decisions taken today will have ripple effects throughout the global economy.
The decisions taken today will have ripple effects throughout the global economy.
@BarbaraPompili,🇫🇷French Minister for Ecological Transition who convened this emergency meeting of energy ministers, stresses upon entering that the purpose of today's summit is to respond to Russia shutting off the gas taps to #Poland & #Bulgaria, not to discuss the #OilEmbargo.
"Today's council is exclusively on the question of gas and not on the question of oil," Pompili tells a reporter who asks about the embargo.
"We have other discussions that are ongoing, but we must stay focused today on the issue of gas."
Playing down expectations?
"We have other discussions that are ongoing, but we must stay focused today on the issue of gas."
Playing down expectations?
🇪🇺energy ministers holding an emergency meeting today to discuss how to respond to Russia shutting off the gas taps to #Poland & #Bulgaria - and clarify whether paying for gas in rubles would violate the EU's #RussiaSanctions.
They'll also try to find agreement on a #OilEmbargo.
They'll also try to find agreement on a #OilEmbargo.
What we know for sure is any 🇪🇺 embargo on #RussianOil won't begin immediately. It would probably be phased out by end of the year.
In order to avoid an #Orban veto, #Hungary may have to be granted exemptions. #Italy & #Greece also need more convincing. But #Germany is on board.
In order to avoid an #Orban veto, #Hungary may have to be granted exemptions. #Italy & #Greece also need more convincing. But #Germany is on board.
Today's emergency meeting starts 3pm. If 🇪🇺 agrees oil embargo it will send shock waves through the world economy, analysts predicting it will lead to even higher inflation. There are fears of resulting social unrest.
#Brussels & #Washington in talks on how to cushion the blow.
#Brussels & #Washington in talks on how to cushion the blow.
Trying to understand German politics: (1) Bad thing, but not our war. (2) We must not push Putin to the wall or nuclear war threatens. Germany's fear of escalation sounds reasonable, but gives Putin a free hand + makes him stronger than he is. /1 @SZ sz.de/1.5570561
My piece for @SZ was already written before Chancellor #Scholz explained himself in Spiegel. Fits, though. If top priority of German policy is "to avoid escalation towards NATO", we tie our own hands and leave it to Putin to escalate the war in #Ukraine./2
All NATO countries face the dilemma of supporting #Ukraine militarily without entering the war themselves. But few others are so driven by fear of military escalation. This virtually invites Putin to threaten nuclear war. /3
Ich weiß gerade nicht wohin mit meinem Zorn.
Und ja, darunter liegt mehr als ein bisschen Verzweiflung über meine Regierung. Nein zu Waffenlieferungen, Nein zu SWIFT, jetzt Nein zu Sanktionen, die schnell + hart wirken, um Putins Krieg zu stoppen. Nicht ohne Kosten für uns, aber welchen Preis bezahlt gerade die #Ukraine?/2
So kann man es auch sagen. #oilembargo #StopPutinsWar
