Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases

Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.

Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if such a ban is approved. Some landlocked refineries in Eastern Europe and Germany are almost completely dependent on Russian crude supplies via pipelines. Other buyers in Europe and elsewhere, however, shunned Russian crude voluntarily to avoid reputational damage or possible legal difficulty. Outside the EU, China and India, which have refused to criticize Russia's invasion of Ukraine, continued to buy Russia oil, as well as Turkey, which is seeking to mediate between Kyiv and Moscow.Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split. EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively. Germany, the EU's top user of Russian crude oil and the Netherlands, a key trading hub, argue that the EU couldn't cut its dependence on Russian supplies overnight. Hungary opposed a ban on Russian energy imports, while Bulgaria said it may seek an exemption if s