EU to propose permanent Russian oil ban after Hungarian election

The European Commission will propose a permanent ban on Russian oil imports in April. The move is timed to avoid influencing Hungary's parliamentary election.

The European Commission has announced it will submit a legal proposal on April 15 to permanently ban oil imports from Russia RURU. This move, scheduled to take place three days after the April 12 parliamentary election in Hungary HUHU, is intended to avoid influencing the national vote. The proposal aims to enshrine a full phase-out of Russian oil into European Union law, ensuring the ban remains in place even if broader sanctions are eventually lifted.
An aerial view shows the Vladimir Arsenyev tanker at the Kozmino crude oil terminal on the shore of Nakhodka Bay near the port city of Nakhodka, Russia, on August 12, 2022. REUTERS/Tatiana Meel
An aerial view shows the Vladimir Arsenyev tanker at the Kozmino crude oil terminal on the shore of Nakhodka Bay near the port city of Nakhodka, Russia, on August 12, 2022. REUTERS/Tatiana Meel
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