Germany’s Scholz: Everybody is working constructively to reach an EU embargo on Russia oil

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Germany’s Scholz: Everybody is working constructively to reach an EU embargo on Russia oil

I am optimistic that Europe will continue to stand together against Russian aggression Everything I hear (on

Scholz

  • I am optimistic that Europe will continue to stand together against Russian aggression
  • Everything I hear (on oil embargo) points towards a consensus

The EU today is discussing a watered-down Russian oil ban. It would apply only on crude bought by taker, because of objections by Hungary and others who rely on Russian pipeline imports. There’s hope for a deal today.

Brent crude is up 78-cents to $120.21 today.

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