The EU considers banning Russian oil

RUSSIA / FSU POLITICS - In Brief 04 May 2022 by Alex Teddy
On May 4 the President of the European Commission announced a sixth round of sanctions. There are new banking restrictions. The EU wants to ban Sberbank and two other Russian banks from SWIFT.The EU will block three Russian TV channels.The EU also intends to help Ukraine pay for reconstruction after the war. Hundreds of billions of EUR of damage has already been done to buildings. The EU aims to stop all Russian oil and refined products by the end of 2022. There it talk of exempting Slovakia and Hungary from the ban since they are heavily reliant on Russian oil. Germany has already significantly reduced Russian energy imports in 2022. An EU ban needs the approval of all 27 EU member states. If two countries are exempted, others will ask why not us too?Even if there is no joint EU ban on Russian oil, EU states can ban it severally.Stopping all Russian gas imports is more problematic for the EU.The French President spoke to Putin by phone on May 3. Macron has spoken to him several times since the war began but this has had no dissuasive effect.On May 4 Belarus announced that it is conducting a large military drill. Minsk says this is no threat to anyone. That is what Moscow said when its military drills led to war in February 2022.Russia has 22 battalions near Izyum. Russia wants to annex the whole of Donbas Region. Russia is increasingly targeting Ukrainian railroads as these are vital to Ukrainian logistics.

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