[Valid RSS]
November 26, 2022, 6:25 pm
Treanding
GIZ Bangladesh’s training held on SDG localisation in Khulna ছোটদের সহজ প্রোগ্রামিং শিক্ষায় প্রকাশিত হল বাংলা স্ক্র্যাচ বই Ditching Russian gas no way to reach climate goals : Putin চট্টগ্রামে নিরাপদ খাদ্য বিষয়ে প্রচারনা কর্মসূচি সমাপ্ত Samsung brings month-long smartphone campaign On September 6–7, Vladimir Putin will make working trip to Vladivostok Two Russian embassy workers killed in ‘suicide bombing’ Shocked & devastated by the horrific attacks : Justin Trudeau  SSC, equivalent exams begin Sept 15: Dipu Moni Ten killed in Canadian stabbing spree Russia wants UN to pressure US : media Daraz Bangladesh Anniversary Campaign – Now LIVE! realme offers upto BDT 3400 off on occasion of Daraz’s 8th anniversary General Pharmaceuticals employees will receive insurance from MetLife চট্টগ্রামের কলেজিয়েট স্কুলে নিরাপদ খাদ্য বিষয়ে প্রচারনা কর্মসূচি শুরু Bangladesh a secular country, immediate action is taken whenever minorities are attacked: PM  Two more mortar shells from Myanmar land in Bangladesh OPPO launches killer device A57 in 15-20K price range ShareTrip and Grameenphone join hands to offer exciting travel privileges ড্যাপ ২০২২-২০৩৫ এর পরিপূর্ণ বাস্তবায়নের দাবী বিআইপির

EU not considering Russian gas embargo : economy chief

Bangladesh Beyond
  • Updated on Saturday, June 4, 2022
  • 111 Impressed

EU not considering Russian gas embargo : economy chief

 

Dhaka June 03 2022 : 

 

Paolo Gentiloni has told Italian media that Brussels is seeking to hurt Russia without harming itself too much.
Discussions in the EU regarding further sanctions on Russia over the military operation in Ukraine so far do not include a ban on Russian gas, European Commissioner for Economy Paolo Gentiloni has revealed.

In an interview with Italian newspaper La Stampa published on Saturday, Gentiloni said that while no punitive measures were off the table for the European Commission, “today we are not talking about a gas blockade.

He noted that Brussels is seeking to strike the right balance between hurting Russia’s economy as much as possible and minimizing the secondary effects on European economies.

Gentiloni acknowledged that, despite the EU’s efforts, the sanctions have taken a toll on Europe as well. Nevertheless, he believes the bloc had no other choice but to respond to Russia’s military campaign in Ukraine “with economic weapons.

The commissioner cautioned, however, against believing the conflict can be won solely through sanctions.

The sixth round of EU sanctions on Moscow, which was approved on Thursday and includes an embargo on some crude oil imports to the EU, “will in any case have a devastating effect on the Russian economy and power,” Gentiloni said.

Since Russia launched its military campaign in late February, Ukraine along with Poland and the Baltic states have been calling on the EU to phase out Russian gas, accusing Brussels of effectively financing the Kremlin’s military machine. Germany in particular has received a lot of flak from these nations as a major importer of Russian natural gas.

While freezing the Nord Stream 2 gas pipeline indefinitely, Berlin has stopped short of placing any other restrictions on Russian gas imports. Responding to critics, German government officials and representatives of the country’s business community argue that if Germany stopped buying Russian gas overnight, it would deal a devastating blow to the economy.

After banning imports of Russian coal to the bloc in early April, EU officials went on to propose a complete embargo on Russian oil as well. This was met with fierce opposition from Hungary, which is heavily dependent on Russian gas imported through the Druzhba pipeline.

As the unanimous support of all 27 member states is required for major decisions such as this, the European Commission eventually relented and exempted Russian oil imports via the Druzhba pipeline for Hungary, Slovakia, and the Czech Republic.

In late March, President Vladimir Putin signed a decree demanding that nations which had imposed sanctions on Moscow pay for Russian natural gas in rubles, or else have their supplies cut off.

Some countries, including Germany and Italy, allowed their operators to open ruble accounts in Russia’s Gazprombank to pay for gas.

Poland, Bulgaria, Finland, and the Netherlands refused to comply, and Moscow has cut off deliveries to them as a result.

Read More

Read us@googlenews

Social

More News
© Copyright: 2020-2022

Bangladesh Beyond is an online version of Fortnightly Apon Bichitra 

(Reg no: DA 1825)

Developed By Bangladesh Beyond