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EU President Ursula: “We need to buy Russian oil so Putin doesn’t make more profits elsewhere” 😂🙈🤡……. Are you getting it yet pic.twitter.com/cqByb4KFOT
— k-lo2 (@k_klo224743370) May 28, 2022
It sounded really crazy to me.
I guess it sounded really crazy to others.
EU countries failed to agree on a Russian oil import ban despite last-minute haggling before a summit got under way in Brussels on Monday, exposing a struggle to widen sanctions on Moscow over its war in Ukraine as the economic risk for Europe grows.
The leaders of the 27 European Union countries will agree in principle to an oil embargo, a draft of their summit conclusions showed, but they will leave the practical details and hard decisions until later.
The EU has rolled out five packages of sanctions against Russia since the conflict began more than three months ago, demonstrating uncharacteristic speed and unity given the complexity of the measures.
But an agreement on oil sanctions has proved elusive for weeks because so many countries depend on Russian crude.
“There is no compromise for this moment at all,” said Hungarian Prime Minister Viktor Orban, whose country has been the main holdout for a deal, as he arrived for the two-day summit.
European Commission President Ursula von der Leyen, who proposed the latest package of sanctions at the start of May, agreed: “We’re not there yet.”
There is broad agreement on the rest of the package, including cutting Russia’s biggest bank, Sberbank (SBMX.MM), from the SWIFT messaging system, banning Russian broadcasters from the EU and adding people to a list whose assets are frozen.
But a senior European Commission official said the whole package, including oil, should be approved in one go.
Estonian Prime Minister Kaja Kallas said it was more realistic to expect an agreement on an oil embargo in a few weeks, hopefully at the EU’s next summit on June 23-24.
Some complained harshly over the lack of deal.
“We’re getting a little bogged down in all of the details and we’re forgetting the big picture,” Latvian Prime Minister Krisjanis Karins said. “It’s only money. The Ukrainians are paying with their lives,”
Firstly, the sanctions don’t hurt Russia, they hurt Europeans.
Secondly, the war in the Ukraine is over, so you have to wonder what the point of any of it is.
These people started a war with Russia, they lost, now they’re punishing their own population in response?
It’s not logical, and if these countries were not US client states, they wouldn’t have done any of it in the first place. The US is getting a lot less scary these days, however. They have power, but they can’t manage their authority.
