• EU aims to reach political agreement on a Russian oil ban today - BBG

Market news

30 May 2022

EU aims to reach political agreement on a Russian oil ban today - BBG

Leaders of EU 27 nations aim to reach a political agreement on an oil ban on Monday, an EU official said according to Bloomberg. The official added that there is agreement on the two phases of implementation of the import ban, but that implementation dates remain under discussion. 

The more optimistic (on the chances of a deal being reached) remarks from an EU official comes after more pessimistic remarks from the Estonian PM, who said that it is not realistic to expect an agreement on a sixth package of sanctions against Russia today. 

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.