- Home
- Business
- News
- Germany Ready to Support Embargo on Oil From Russia to EU Without Hungary - Economy Chief Robert Hab ..
Germany Ready To Support Embargo On Oil From Russia To EU Without Hungary - Economy Chief Robert Habeck
Sumaira FH Published May 23, 2022 | 01:42 PM
Germany is ready to support the EU's embargo on Russian oil without the participation of Hungary, but the proposal should be put forward by the European Commission, German Economy Minister Robert Habeck said on Monday
BERLIN (UrduPoint News / Sputnik - 23rd May, 2022) Germany is ready to support the EU's embargo on Russian oil without the participation of Hungary, but the proposal should be put forward by the European Commission, German Economy Minister Robert Habeck said on Monday.
"If head of the European Commission (Ursula von der Leyen) says, we will do it now as part of 26 (EU countries), without Hungary. This is the way I would go, but I have not heard about it from the EU yet. In this case, I would be ready to ... The European Commission has taken the lead in the negotiations," Habeck said in an interview with the Deutschlandfunk Kultur radio broadcaster.
Germany admits that some EU countries need a longer transition period to refuse oil imports from Russia, the minister said. He added, commenting on Hungary's position on the oil embargo, that each country has its own prerequisites, they depend to a different degree on energy imports.
"My guess is that the path will be as follows: as is always the case in Europe, some countries will receive special rights, and an agreement will be reached," Habeck said, noting that in this case, the decision on the oil embargo would be "a concerted European action, driven by Europe."
When asked about the process of refusing Russian oil supplies, the official said that there is progress in the issue. In particular, two floating LNG terminals will start operating by the end of the year, while gas storage facilities are "slowly but steadily" being filled.
"We reduced our dependence on gas from Russia from 55% before the war (in Ukraine) to 35%. If all goes well, by Christmas or by the end of the year we will have two LNG terminals," he said.
Related Topics
Recent Stories
SIU arrests robbery gang targeting bank customers
Asia Cricket Week from April 28
PSA World C'ships in May
Food Safety Authority raids hospitals' canteen across KP
US Fed's favored inflation measure accelerates in March
Kenya flood death toll since March climbs to 70: govt
Rafiq-ul-Hujajj Committee to organize 2nd training session for pilgrims in Abbot ..
Defence Minister leads Pakistan's delegation to Kazakhstan SCO moot
PRCS Chairman, Moroccan envoy discuss humanitarian relations
50pc cut in subsidy of BRT service likely: CM’s aide
Russia striking Ukraine railways to 'paralyse' army cargo: Ukraine source
Cop, suspected outlaw injured in police encounter
More Stories From Business
-
50pc cut in subsidy of BRT service likely: CM’s aide
1 hour ago -
PSX gains 771 points
2 hours ago -
Pakistan, US hold 7th TIFA meeting to strengthen trade and investment ties
2 hours ago -
Meeting held to streamline trade between Pak-Afghan , Central Asian Republics
2 hours ago -
Coca-Cola invests an additional $22 million in Pakistan
2 hours ago -
SECP Introduces SECP-XS: A swift complaint resolution platform
2 hours ago
-
SBP to announce monetary policy on April 29
2 hours ago -
London stocks hit new record peak on takeovers
2 hours ago -
Rupee sees slight recovery against US dollar
2 hours ago -
Kitchen items’ prices ease as weekly inflation falls by 1.1%
4 hours ago -
Shipping Activity at Port Qasim
5 hours ago -
Yen falls further as Bank of Japan stands pat on rates
2 hours ago