Russia is already losing oil income due to the threat of a future EU embargo and there is no evidence of large-scale sanctions evasion, the EU Commission has said.
Some form of oil embargo will "certainly be part of" the upcoming, sixth round of EU sanctions on Russia, Ivo Schmidt, a commission official dealing with the energy sector, told MEPs in a hearing in Brussels on Wednesday (20 April).
This will have a "massive impact" on Russia's war chest when it comes into force in th...
Back our independent journalism by becoming a supporting member
Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.