EU wrestles with Russia oil embargo as leaders gather for summit

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>European Union leaders are gathering in a new show of solidarity with Ukraine&period;<&sol;p>&NewLine;<p>However&comma; divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go to help the war-torn country&period;<&sol;p>&NewLine;<p>Ukrainian President Volodymyr Zelensky&comma; who will address the 27 heads of state and government via videoconference&comma; has repeatedly demanded that the EU target Russia’s lucrative energy sector and deprive Moscow of billions of dollars each day in supply payments&period;<&sol;p>&NewLine;<p>But Hungary is leading a group of countries – along with Slovakia&comma; the Czech Republic and Bulgaria – that rely on Russian oil and cannot afford to take such steps&period;<&sol;p>&NewLine;<blockquote class&equals;"twitter-tweet" data-width&equals;"550" data-dnt&equals;"true">&NewLine;<p lang&equals;"en" dir&equals;"ltr">We are reducing dependency on Russia for our energy needs&period;<&sol;p>&NewLine;<p>With the EU Energy Platform&comma; EU countries will be able to jointly purchase gas&comma; LNG &amp&semi; hydrogen&comma; to the benefit of all countries&period; <&sol;p>&NewLine;<p>This will help secure our energy supply at affordable prices&period;<br &sol;>This will <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;hashtag&sol;REPowerEU&quest;src&equals;hash&amp&semi;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&num;REPowerEU<&sol;a>&period;<&sol;p>&NewLine;<p>&mdash&semi; European Commission 🇪🇺 &lpar;&commat;EU&lowbar;Commission&rpar; <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;EU&lowbar;Commission&sol;status&sol;1530821242886008834&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">May 29&comma; 2022<&sol;a><&sol;p><&sol;blockquote>&NewLine;<p><script async src&equals;"https&colon;&sol;&sol;platform&period;twitter&period;com&sol;widgets&period;js" charset&equals;"utf-8"><&sol;script><&sol;p>&NewLine;<p>Hungary gets more than 60&percnt; of its oil from Russia and 85&percnt; of its natural gas&period; Prime Minister Viktor Orban has insisted that an oil embargo should not be discussed at the summit&period;<&sol;p>&NewLine;<p>The EU has already slapped five rounds of sanctions on Russia over its actions in Ukraine&period;<&sol;p>&NewLine;<p>It has targeted more than 1&comma;000 people&comma; including President Vladimir Putin and top government officials&comma; as well as pro-Kremlin oligarchs&comma; banks&comma; the coal sector and more&period;<&sol;p>&NewLine;<p>A sixth package was announced on May 4&comma; but the hold-up over oil is embarrassing the bloc&period;<&sol;p>&NewLine;<p>Ahead of the summit&comma; officials suggested that a solution might be found by targeting oil transported by ships and holding fire on the pipeline oil so valuable to Hungary&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;If we target the oil arriving by sea&comma; we’ll hit at least two thirds of exports&comma; perhaps more&comma;” a senior EU official said&period;<&sol;p>&NewLine;<p>Hungary and Slovakia depend on Russian oil they receive through the Soviet-era Druzhba pipeline&period;<&sol;p>&NewLine;<p>The problem with hitting sea-transported oil is that countries such as Belgium&comma; Germany and the Netherlands&comma; which are most reliant on that form&comma; would suffer a surge in oil prices&comma; distorting competition because Hungary would still be purchasing cheaper Russian oil&period;<&sol;p>&NewLine;<p>Experts failed to reach agreement on such a move over the weekend but continued their talks ahead of the summit&period;<&sol;p>&NewLine;<p>The two-day meeting in Brussels will also focus on continued EU financial support to Ukraine – probably the endorsement of a nine billion-euro tranche of assistance – and on military help and war crimes investigations&period;<&sol;p>&NewLine;<p>The issue of food security will be on the table on Tuesday&comma; with the leaders set to encourage their governments to speed up work on &OpenCurlyDoubleQuote;solidarity lanes” to help Ukraine export grain and other produce&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed0f910888e">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; 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