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European Council President: We will break Putin’s war machine through oil

The News GlorybyThe News Glory
03/05/2022

Despite the reluctance of some European countries to ban Russian oil and gas, due to the economic repercussions and repercussions that this may have on them, European Council President Charles Michel affirmed that he is confident that the Council will soon impose more sanctions on Moscow, especially on Russian oil, against the background of the operation. Military in Ukraine.

And Michel added, through his official account on Twitter, today, Tuesday, that “the Russian war machine must be broken.”

An important project with Greece

Earlier today, Michel confirmed Europe’s determination to end dependence on Russian fossil fuels, noting that a new liquefied gas plant in Greece would help ” rid Southeast Europe of Russia’s use of gas supplies as a blackmail weapon.”

Prime Minister Kyriakos Mitsotakis stressed that “with this very important project along with other projects being implemented in Greece, several European countries will be very close in a position to replace natural gas coming from Russian sources.”

He also added during the inauguration of the LNG terminal that the recent “blackmails” from Moscow regarding natural gas now make cooperation necessary.

German transformation

It is noteworthy that the European Union had previously announced that it was preparing a sixth and new sanctions package on Russian oil sales, especially after the significant shift in the position of Germany, the largest consumer of Russian energy yesterday, which could deprive Moscow of a large source of income within days.

Berlin announced its willingness to give up Russian fuel in late summer.

The European Commission is expected to propose a sixth package of European Union sanctions this week against Russia over the military operation it launched on February 24 on Ukrainian soil, including a possible embargo on the purchase of oil.

Call to ban Russian oil (AFP)

At a meeting tomorrow, Wednesday, ambassadors from European Union countries will discuss proposed oil sanctions against Russia.

It is noteworthy that Kyiv has been asserting for months that Russian energy exports to Europe, which have been largely exempted so far from international sanctions, fund the Kremlin’s war efforts, bringing in millions of euros daily.

Despite the massive sanctions imposed by the West on Russia, against the backdrop of its military operation in Ukraine since last February 24, oil revenues are still flowing into Moscow’s pocket, feeding its treasury and its military operations alike.

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