EU summit unlikely to find solution on Russia oil embargo, von der Leyen says
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Sunday
July 03, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
SUNDAY, JULY 03, 2022
EU summit unlikely to find solution on Russia oil embargo, von der Leyen says

Europe

Reuters
24 May, 2022, 10:20 pm
Last modified: 24 May, 2022, 10:21 pm

Related News

  • EU to finalise opinion next week on Ukraine hopes to join
  • Why is the EU struggling to agree Russian oil sanctions?
  • EU not ready to agree Russia oil ban, leaders say
  • Humiliated in Ankara, EU chief to fight for women's rights
  • Supply of potential Covid-19 vaccines to start in earnest in April: EU's von der Leyen

EU summit unlikely to find solution on Russia oil embargo, von der Leyen says

Reuters
24 May, 2022, 10:20 pm
Last modified: 24 May, 2022, 10:21 pm
European Commission President Ursula von der Leyen delivers a statement before her meeting with the Italian Prime Minister Mario Draghi at the headquarters of the European Commission in Brussels, Belgium 7 March 2022 Kenzo Tribouillard/Pool via REUTERS
European Commission President Ursula von der Leyen delivers a statement before her meeting with the Italian Prime Minister Mario Draghi at the headquarters of the European Commission in Brussels, Belgium 7 March 2022 Kenzo Tribouillard/Pool via REUTERS

European Union leaders are unlikely to strike a deal on an oil embargo against Russia at their summit on Monday and Tuesday, head of the bloc's executive Ursula von der Leyen said.

"I don't think the summit is the right place for that... We should not stare at the summit," she told Reuters on the sidelines of the World Economic Forum in Davos, Switzerland on Tuesday. She added that negotiations with member states were ongoing.

Von der Leyen's Commission has proposed phasing out Russian oil imports by the end of the year in most EU member states, while Hungary and others could be given more time.

It would be the EU's harshest sanction yet in response to Moscow's 24  Feb. invasion of Ukraine.

Hungary, however, has so far refused to lift its veto.

It says hundreds of millions of euros are needed to upgrade its refining and pipeline infrastructure so that it can cut out Russian oil, while a total modernisation of its energy system would cost billions of euros.

Von der Leyen said the negotiations were mainly focusing on working out details now: "I don't think that this will be a topic at the Council that will be decided there".

She was echoed by an EU official.

"There is no way that such a technical subject could be negotiated by the heads of state and government at the summit," the official said.

World+Biz

EU chief Ursula von der Leyen / Russia oil embargo

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo of Bangladesh Secretariat/Collected
    Govt stops purchasing new cars for ministries, departments
  • Photo :Noor-A-Alam
    SSC exams to be held in August
  • No more honorarium for government meetings
    No more honorarium for government meetings

MOST VIEWED

  • Flags of China and Russia are displayed in this illustration picture taken March 24, 2022. REUTERS/Florence Lo/Illustration
    Russian scientist dies two days after arrest for state treason, lawyer says
  • Smoke rises over the remains of a building destroyed by a military strike, as Russia's attack on Ukraine continues, in Lysychansk, Luhansk region, Ukraine June 17, 2022. File Photo: Reuters
    Russia claims to have taken key city of Lysychansk
  • People kiss, while taking part in the 2022 Pride Parade in London, Britain on 2 July 2022. Photo: Reuters
    More than a million pack London's streets for Pride parade
  • A Ryanair aircraft, which was carrying Belarusian opposition blogger and activist Roman Protasevich and diverted to Belarus, where authorities detained him, lands at Vilnius Airport in Vilnius, Lithuania May 23, 2021. Photo: Reuters
    Ryanair cabin crew in Spain announce 12 more days of strikes
  • A fresh hole is seen ahead of a funeral, among dozens of recent graves of people who have died since the beginning of Russia's invasion, in the Walk of Heroes section of the cemetery, where people who served as military members, fire fighters and police officers are buried, as Russia's attack continues, in Kharkiv, Ukraine, July 2, 2022. REUTERS/Leah Millis
    Blasts kill three in Russian city near Ukraine border
  • Rescuers work at a site of a shopping mall hit by a Russian missile strike, as Russia's attack on Ukraine continues, in Kremenchuk, in Poltava region, Ukraine, in this handout picture released Jun 28, 2022. Photo: Press service of the State Emergency Service of Ukraine/Handout via REUTERS
    Fighting intensifies for Ukraine's last bastion in eastern Luhansk province

Related News

  • EU to finalise opinion next week on Ukraine hopes to join
  • Why is the EU struggling to agree Russian oil sanctions?
  • EU not ready to agree Russia oil ban, leaders say
  • Humiliated in Ankara, EU chief to fight for women's rights
  • Supply of potential Covid-19 vaccines to start in earnest in April: EU's von der Leyen

Features

A Glittery Eid

A Glittery Eid

4h | Mode
Rise’s target customers are people who crave to express themselves through what they wear, and their clothing line is not relegated to any age range.

Level up your Eid game with Rise

4h | Mode
Stefan Dercon, a Professor of Economics at the University of Oxford and former Chief Economist of the Department of International Development (DFID). Illustration: TBS

Renewing the ‘elite bargain’ for Bangladesh’s future growth

7h | Panorama
The eye-catching commuter: Suzuki Gixxer SF 155

The eye-catching commuter: Suzuki Gixxer SF 155

1d | Wheels

More Videos from TBS

Chirkutt performs on Fete de La Music Fest

Chirkutt performs on Fete de La Music Fest

6h | Videos
Madhuri Sanchita's seed ornaments exhibition

Madhuri Sanchita's seed ornaments exhibition

6h | Videos
Bangabandhu Tunnel to change lives of million

Bangabandhu Tunnel to change lives of million

18h | Videos
Sowari Ghat's fresh fish market

Sowari Ghat's fresh fish market

18h | Videos

Most Read

1
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

2
Meet the man behind 'Azke amar mon balo nei'
Splash

Meet the man behind 'Azke amar mon balo nei'

3
TBS Illustration
Education

Universities may launch online classes again after Eid

4
Photo: TBS
Bangladesh

Motorcycles banned on Padma Bridge 

5
Photo: Collected
Economy

Tech startup ShopUp bags $65m in Series B4 funding

6
World Bank to give Bangladesh $18b IDA loans in next five years
Economy

World Bank to give Bangladesh $18b IDA loans in next five years

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Launch operators on various river routes see a steep drop in passengers after the opening of the the Padma Bridge. Photo: TBS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net