The European Union is set to give some member states heavily dependent on Russian oil – such as Hungary and Slovakia – time until the end of 2024 to comply with the proposed embargo on oil imports from Russia, as the bloc is looking to keep a united front against Putin and his invasion of Ukraine, sources with knowledge of the discussions told Bloomberg on Friday.
The Czech Republic could also get an exemption until June 2024 under a proposed revision of the oil ban, Bloomberg’s sources said. The European Commission…U.S. Natural Gas Prices Could Soon Hit $10
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