EU considering trade measures targeting Russian Druzhba pipeline oil

EU considering trade measures targeting Russian Druzhba pipeline oil

The European Union (EU) is reportedly considering trade measures that could target Russian oil transported via the Druzhba pipeline. This move comes amidst ongoing tensions between the EU and the United States over the implementation of sanctions against Russia. The EU has postponed the formal presentation of its latest sanctions package, which was initially scheduled for September 17, following pressure from the United States .

The delay is due to the US's push for stronger sanctions, including potential tariffs on China and India, which are major importers of Russian oil. The US has called for more robust European action to increase economic pressure on Russian President Vladimir Putin and encourage negotiations to end the conflict in Ukraine. The EU is also contemplating sanctions on companies in India and China that facilitate Russia’s oil trade .

The Druzhba pipeline, which is one of the longest oil pipelines in the world, plays a significant role in Russia's oil exports. The EU's consideration of targeting this pipeline is part of a broader strategy to disrupt Russia's energy supply chains and put economic pressure on the Russian government. The pipeline has been a key route for Russian oil exports to Europe, but recent sanctions have led to a significant drop in Russian crude oil imports to the EU, from 27% in 2022 to about 3% .

The EU faces challenges in matching US demands, as many member states, including Germany, depend on trade with India and China. Despite these challenges, some elements of the US's demands are already integrated into EU policy. The bloc has delayed phasing out Russian gas until after 2027 and granted temporary exemptions to landlocked countries like Hungary and Slovakia from oil sanctions .

The upcoming sanctions package reportedly targets several Russian banks and energy firms, as well as Russia’s payment and credit card systems, crypto exchanges, and further restrictions on oil trade. The EU's consideration of targeting the Druzhba pipeline is part of a broader effort to disrupt Russia's oil exports and put economic pressure on the Russian government .