The PCK oil refinery in Schwedt, Germany, shown in 2014, is operated by Russian oil company Rosneft. (Reuters/Axel Schmidt / Reuters)
FOX News: Germany drops opposition to Russia oil embargo: report
Move clears way for potential full European Union embargo on Russian oil
The reversal from Germany – which had been one of the main opponents of the EU severing its oil and gas trade with Russia – comes after Berlin struck a deal with Poland to import oil by way of one of its Baltic Sea ports, The Wall Street Journal reports.
On Wednesday, Germany’s representatives to the EU lifted its objection to a Russian oil embargo pending the country has enough time to find alternative supplies, according to two German government officials who spoke to the newspaper.
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Update #1: Germany Ready to Back EU Ban on Russian Oil If It’s Gradual (Bloomberg)
Update #2: Germany says it's ready to stop buying Russian oil, paving the way for the EU to impose a full embargo (Business Insider)
WNU Editor: Germany has already changed (at higher cost) most of its sources for oil. The impact of this oil embargo will be minimal for Russia.
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