EU considering oil embargo on Russia
March 21, 2022 - U.S. President Joe Biden will push European Union governments to impose an oil embargo on Russia, in response to the Kremlin’s invasion of Ukraine.
Targeting Russian oil, as the United States and Britain have done, is a divisive choice for the 27-nation EU, which relies on Russia for 40% of its gas. Some argued on Monday that the EU could no longer avoid such a step.
U.S. President Joe Biden arrives on Wednesday for talks with transatlantic alliance NATO’s 30 members, the EU, and a Group of Seven (G7) format including Japan, designed to harden the West’s response to Moscow.