Germany could finish its depfinishence in Russian oil until the end of the summer, the country’s Federal Ministry of Economy and Technology reported on Sunday, delaying its previous schedule by at least 3 months, just 3 weeks after the European Union announced a ban on Russian coal. Imports.
The ministry said a German oil embargo taking effect toward the end of the summer after “a sufficient transition period” would be manageable, according to a government report on Sunday and translated through Bloomberg.
The announcement came 11 days after German Foreign Minister Annalena Baerbock said the country plans to halt all imports of Russian oil before the end of the year and, in all likelihood, avoid Russia’s energy supply, as Germany would not be able to finish its mandate of Russian herbal fuel before the end of the year. 2024, Reuters reported.
The European Union plans to ban Russian oil in a new circular of proposed sanctions against Russia later this week, a move subsidized by Germany, Deutsche Welle reported on Sunday, citing unnamed sources.
Ukrainian Foreign Minister Dmytro Kuleba tweeted on Sunday that Ukraine would push for an oil embargo as part of upcoming EU sanctions against Russia, after the 27-nation bloc agreed to ban Russian coal last month.
In the past, Germany has been reluctant to back strong sanctions against Russian energy, as Russia provided about 55% of Germany’s herbal fuel imports, 35% of its oil imports, and 50% of its coal imports by 2021.
However, Germany has since controlled Russian fuel up to 25 percent of its oil imports, 40 percent of its herbal fuel imports and 25 percent of its coal imports, Reuters reported in April.
Concern about Europe’s dependence on Russian fuel predates russia’s invasion of Ukraine. Shortly before the invasion, the White House announced it was investigating backup fuel resources for Europe and asking herbal fuel manufacturers to temporarily increase production. Days before the invasion began in February, Germany eliminated the allocation of the $11 billion yet unopened Nord Stream 2 pipeline that had the capacity to deliver up to 55 billion cubic meters of Russian herbal fuel consistent with the year, cutting Russia tens of billions of dollars in potential revenue. In March, Germany struck a deal with Qatar to get more herbal fuel. However, even with such measures, German energy costs can skyrocket after Russian materials are cut.
“Germany halts all imports of Russian oil until the end of 2022, says Foreign Minister” (Forbes)