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EU Push to Ban Russian Oil Is Stalled by Hungarian Demands

  • Delay means a deal is unlikely before Russia’s Victory Day
  • Member states will continue negotiations in the coming days
Bloomberg business news
G-7 Leaders Commit to Banning Imports of Oil From Russia
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Hungary continued to block a European Union proposal that would ban Russian oil imports, holding up the bloc’s entire package of sanctions meant to target President Vladimir Putin over his war in Ukraine, according to people familiar with the talks. 

A meeting of the EU’s 27 ambassadors ended on Sunday without an agreement, with talks expected to resume in the coming days, said the people, who asked not to be identified because the discussions were private. A ban on shipping Russian oil to third countries may also be delayed until Group of Seven countries commit to similar measures.