• No progress towards agreement on an EU embargo on Russian oil on Wednesday - WSJ

Market news

11 May 2022

No progress towards agreement on an EU embargo on Russian oil on Wednesday - WSJ

There has been no progress on Wednesday towards an agreement on an embargo of Russian oil imports at a meeting between ambassadors of EU 27 nations, a WSJ reporter wrote on Twitter. According to the reporter, some are beginning to think a EU 27 leaders summit is going to be needed to reach an agreement on this. 

Hungary has been the main opponent of a Russian import oil embargo and reports earlier suggested the EU might be considering giving the country financial compensation. 

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