European Council might approve extension of sanctions in opposition to Russia subsequent week

A choice to increase all EU sanctions in opposition to Russia could also be made at a gathering of the European Council subsequent week.

Supply: Radio Free Europe/Radio Liberty editor Rikard Jozwiak on X (Twitter), as reported by European Pravda

Particulars: Jozwiak tweeted on Tuesday 17 June that the European Council may be very more likely to approve the extension of all EU sanctions in opposition to Russia when it meets subsequent week.

He famous that the formal extension is anticipated to happen in July.

"Hungary has been toying with the concept to not give a thumbs-up," Jozwiak added.

Background:

  • The EU is presently getting ready its 18th package deal of sanctions in opposition to Russia in response to its full-scale invasion of Ukraine. The draft features a proposal to decrease the worth cap on Russian oil from US$60 to US$45 per barrel.
  • Nevertheless, it was reported that the European Union won’t unilaterally scale back the worth cap on Russian oil from US$60 to US$45 per barrel, as this initiative is unlikely to be supported by the Group of Seven (G7).
  • The European Fee has proposed that the sanctions package deal ought to embrace further measures in opposition to Belarus and sanctions concentrating on software program utilized by Russian banks.

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