Worker checks the water supply system at the Danube refinery of Hungarian oil company MOL in the town of Szazhalombatta, 30km south of Budapest. (Photo: AFP/VNA) |
That timeline will kick in once the sanctions are formally adopted, with EU ambassadors aiming to adopt them this week. EU leaders on Monday, after resolving a deadlock in negotiations with Hungary, agreed in principle to the sanctions, which will cut 90% of oil imports from Russia by the end of this year.
Currently, more than 60% of the Russian oil that the EU imports is transported by sea, with about 30% arriving through the Druzhba pipeline. The oil embargo will be applied only to the sea-transported oil.