EurActiv
(EurActiv) — uropean leaders have launched a rare rebuke of the United States’ decision to lift sanctions on Russian oil exports amid the ongoing war in the Middle East that has created havoc in global oil and gas markets. “We believe that easing sanctions now, for whatever reason, is the wrong thing to do,” German Chancellor Friedrich Merz said on a visit to Norway on Friday.
Overnight, Washington moved to unleash around one day’s worth of global oil demand by lifting sanctions on seaborne Russian oil. The US has also given a waiver to Indian refiners to purchase sanctioned Russian oil since the Iran war began. This comes as the EU is attempting to convince its member countries, Hungary and Slovakia, to sign up to a 20th round of sanctions on Russia.
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