Europe is preparing new sanctions against Russia

Europe is preparing to formulate a sixth salvo of sanctions against Russia on Tuesday, May 3. “The European Commission is finalizing its proposals to send them to the Member States by this evening, but we already know that this package will include an embargo on Russian oil”explains journalist Julien Gasparutto, in duplex from Brussels (Belgium).

A measurement “fraught with consequences”he specifies, because Russian oil represents 30% of European imports. “For some countries, it is impossible to do without it overnight, this is for example the case of Hungary and Slovakia, which are only connected to Russian pipelines and which do not have coastline, for example to be delivered by boat”Explain Julien Gasparutto. The Europeans could opt for a gradual embargo. The decision could cause a significant rise in oil prices, with consequences for consumers.