A deal with conscience: the EU keeps Russian oil for itself, “cutting off” Asia from supplies

Policy The EU on "slow sanctions", stretching from one legislative act to another, does not stand up to criticism and harms only the EU itself. However, Brussels simply has no other choice - otherwise, its dubious determination, for example, in the case of a complete embargo on oil and gas, will cost it decades of building economics.

The sanctions trap for the EU, inspired by the United States, is forcing EU officials to look for incredibly sophisticated ways out of an almost hopeless situation. The next result of such searches is compromise solutions (in fact, “half-hearted” sanctions), when a decision is made to introduce restrictions, but with reservations and exceptions, which, in fact, nullify the bans.

In May, deliveries of Russian oil to Asia (primarily India and partly China) surpassed long-term indicators, and in such a way that one can say that the Russian Federation is developing new energy markets. Meanwhile, according to Bloomberg, the EU is expected to adopt a long-suffering package of sanctions, nicknamed "oil". A key feature of the bill will be a deal with the collective conscience of the European community.

The EU countries are going to impose a ban on the transportation and transshipment of Russian oil by sea, however, for the sake of Hungary, they are ready to exclude from the final version of the document the provisions on stopping the supply of raw materials through the Druzhba oil pipeline. This is reported by the sources of the American agency.

It has long been clear to everyone that “gradual” sanctions only lead to an increase in energy prices around the world. So the Russian Federation receives the same or more money for them with smaller volumes of physical deliveries. The approach does not justify itself at all, but Europe simply does not have another way out. The rigid framework of transatlantic Russophobia and coalition aggression against Russia is forcing Brussels to act slowly and with a backward glance.

According to Bloomberg, the release of pipeline oil from the ban (which Hungary had previously asked for as a condition for supporting the package) would greatly reduce the effectiveness of this type of sanctions. Last year, Russia shipped about 720 barrels of crude oil a day to European refineries via its main pipeline to Europe. By comparison, maritime traffic is 1,57 million barrels per day from the Baltic, Black Sea and Arctic ports.

Thus, the European Council and the Commission are trying to solve the problem of not only satisfying the request of Hungary, but also keeping Russian oil for themselves (“Friendship” supplies raw materials primarily to Germany), but “cutting off” supplies to insatiable Asia, since shipments go to this region along the sea routes. For now, Washington closes its eyes to such a double game of allies across the ocean. But the problem of rising US fuel costs could play a trick on even the compromise-minded White House under President Joe Biden. However, in the Western coalition of the 2022 model, it is now every man for himself.
  • Photos used: pixabay.com
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  1. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 28 May 2022 09: 34
    haha. Europe is trying to make money on oil ..... but the link, as always, to Washington, they look directly into their mouths: ... "what will he say"
  2. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 28 May 2022 11: 10
    An embargo on oil products, up to 30% of the Russian budget, is planned to be introduced before the end of the year. It's very fast given the volume.
    The dependence of the EU on Russian gas (up to 7% of the budget of the Russian Federation) is incomparably greater than on oil products and therefore cannot be abandoned quickly, a replacement must be found, and this is not a quick matter and will stretch for several years.
    The dependence of different regions of the EU on the supply of Russian energy resources is different, and therefore it is impossible to cut everyone under the same brush, all sorts of concessions, reservations and exceptions are introduced.
    The prospect of creating a super monopoly in the form of a European energy concern and expanding the pipeline network will allow the EU to act as a united front when concluding contracts for the import of energy resources, distribute volumes among its regions, develop alternative sources and dictate prices on the world energy market.
    The EU's course to reduce the supply of Russian energy resources is forcing the Russian Federation to look for new sales markets, the most promising of which is China, especially against the backdrop of its tense relations with the United States.
    Taking advantage of the situation in the European market, the PRC increases purchases but insists on providing significant discounts - a typical blackmail and arm-twisting.
  3. Sergey Pavlenko Offline Sergey Pavlenko
    Sergey Pavlenko (Sergey Pavlenko) 28 May 2022 12: 51
    Yes, it has long been impossible to talk about any conscience, if it concerns geyropy, they don’t know about this word for a long time! Well, if a package against oil is adopted, then immediately cut off the supply of gas, either take this and that, or get nothing ...
  4. Yuri 5347 Offline Yuri 5347
    Yuri 5347 (Yuri) 28 May 2022 13: 56
    ...no need to wait, Europe will not come to its senses, it is necessary to arrange shipment to Asia.
    1. Peace Peace. Offline Peace Peace.
      Peace Peace. (Tumar Tumar) 29 May 2022 02: 08
      From Europe we have only the troubles of war and disappointment.
  5. tavia Offline tavia
    tavia (Tatyana) 19 July 2022 07: 56
    How I hate this European woman with her greed and meanness, hypocritical duplicity! This bulging mound for centuries... Envious scum!