Home MOREBUSINESS & ECONOMY EU embargo on Russian oil to be on the table in days as Germany signals support for a ban

EU embargo on Russian oil to be on the table in days as Germany signals support for a ban

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Ukraine’s foreign minister, Dmytro Kuleba (pictured), announced he told the European Union’s High Representative for Foreign Affairs and Security Policy, Josep Borrell Fontelles, on Sunday that the bloc’s next round of sanctions must include an oil embargo on Russia.

“I also emphasized there can be no alternative to granting Ukraine EU candidate status. We paid separate attention to further safe evacuation from besieged Mariupol,” Kuleba Tweeted after his call with Josep Borrell.

An oil embargo is likely to be on the agenda on Wednesday during an ambassadors summit in Brussels, according to French news agency AFP.

Government sources have told German news agency dpa that Chancellor Olaf Scholz is finally ready to throw his support behind the oil ban. Germany’s reliance on Russia for 35% of its energy needs before the invasion of Ukraine has already dropped to just 12%.

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