Germany Will Support Russian Oil Embargo After Significantly Reducing Dependence: Report
According to Fox, Germany will support the European embargo of Russian oil, marking another significant turnaround in the nation’s position on the Russia-Ukraine conflict.
According to Fox, Germany will support the European embargo of Russian oil, marking another significant turnaround in the nation’s position on the Russia-Ukraine conflict.
Ambassadors will reportedly table the proposal at an ambassadors' summit in Brussels on Wednesday, with expectations to approve the embargo by the end of next week. Germany has resisted such an embargo, but government sources told German news agency dpa on Sunday that Chancellor Olaf Scholz will back the embargo.
Scholz previously urged caution against any outright ban over concerns of the consequences, which he believed would prove devastating to Germany’s economy and the continent as a whole.
But Germany has reportedly managed to significantly reduce its reliance on Russian oil over the past eight weeks: Germany took 35% of its energy from Russia, but has dropped that to just 12%, according to Energy Minster Robert Habeck.
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