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Reuters

Hungary, Slovakia to get end-2023 exception to Russian oil embargo – source

Hungary and Slovakia will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters on Wednesday, benefitting from exemptions from an oil embargo proposed by the European Commission. The EU executive on Wednesday proposed a ban on EU imports of Russian crude oil within six months, and on refined oil products by the end of the year. In a bid to convince reluctant countries not to veto the proposal, Brussels has proposed a longer period to implement the embargo for Hungary and Slovakia, the source said, declining to be named because of the sensitivity of the matter.

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