• Estonian PM: Not realistic to expect an agreement on sixth package of Russia sanctions today

Market news

30 May 2022

Estonian PM: Not realistic to expect an agreement on sixth package of Russia sanctions today

Estonian Prime Minister Kaja Kallas said on Monday that it is not realistic to expect an agreement on a sixth package of sanctions against Russia today, reported Reuters. 

The EU has been struggling to agree on a sixth package that would largely target Russian oil imports amid opposition from land-locked EU countries such as Hungary, who have been pushing for pipeline-delivered crude to be exempt from any ban. 

EU leaders are currently convening at a meeting of the EU Council Summit, which is set to last until Tuesday. The hope had been that, but by the end of the summit, a deal on a Russian oil import embargo could be reached. 

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