EU to Hold Another Meeting on Monday to Discuss Russian Oil Sanctions

The European Union is set to meet again on Monday to continue discussing potential sanctions against Russian oil after attempts on Sunday failed.

The planned oil import bans are part of the EU’s sixth sanctions package against Russia in response to its invasion of Ukraine. The talks between the bloc failed on Sunday, which were mostly held up by Hungary, due to supply worries for landlocked Central European countries.

Over the weekend, Budapest had signaled its support for the bloc’s proposal that would impose sanctions only on Russian oil delivered into the EU by tankers, allowing landlocked energy importers Hungary, Slovakia, and the Czech Republic to continue receiving their Russian oil by pipeline until alternate supplies can be secured.

Russia supplies over a third of the EU’s oil imports.