Italy Quadruples Imports of Russian Oil Despite EU Opposition

Italy increased its imports of Russian crude in spite of efforts by the European Union to end its dependence on Russian energy over the Ukraine crisis.

Economy 19:00 22.05.2022
Italy has imported about 450,000 barrels per day this month, four times as much as in February and the most since 2013, said media reports on Friday.
 
The country is now close to overtake the Netherlands as the largest importer of sea-shipped Russian oil in the EU, according to data obtained from commodity tracking firm Kpler cited by the Financial Times.
 
Italy's unprecedented rise of imports of Russian oil comes amid the bloc's proposal to member states to totally ban Russian energy within the next six months.
 
The EU proposed the ban as part of its new round of sanctions against Moscow over the Ukraine conflict.
 
However, the proposal needs unanimous consent by EU member states which remain highly dependent on Russian oil.
 
Italy, Hungary, Austria and Slovakia have already expressed reservations about the proposal, according to diplomats cited in media reports.
 
EU member states fear that a Russia oil embargo would lead to price hikes at the gas stations at a time when consumer commodity prices are already on the rise due to the conflict in Ukraine.
 
However, EU Foreign Policy Chief Josep Borrell has said that the bloc's anti-Russia sanctions were "absolutely essential”.
 
"We must use our economic and financial abilities to make Russia pay the price for what it’s doing," he insisted.
 
Russia launched a military operation in Ukraine in late February, following Kiev’s failure to implement the terms of the Minsk agreements and Moscow’s recognition of the breakaway regions of Donetsk and Luhansk.
 
At the time, Russian President Vladimir Putin said one of the goals of what he called a “special military operation” was to “de-Nazify” Ukraine.
Former UK Ambassador: ‘Negotiations between Azerbaijan, Armenia without mediators are big step’

News line

Russian deputy defense minister arrested for two months
Russian deputy defense minister arrested for two months
12:45 24.04.2024
China urges US to stop arming Taiwan
China urges US to stop arming Taiwan
12:30 24.04.2024
The Gulf Observer Highlights Return of Four Gazakh Villages
12:25 24.04.2024
Zelensky thanks the US Senate for aid package
Zelensky thanks the US Senate for aid package
12:15 24.04.2024
Magnitude 5.4 quake hits coast of Tonga
Magnitude 5.4 quake hits coast of Tonga
11:55 24.04.2024
Russian attack injures six people in Ukraine's Kharkiv, governor says
11:44 24.04.2024
Kyrgyz President leaves for Azerbaijan - UPDATED
Kyrgyz President leaves for Azerbaijan - UPDATED
11:34 24.04.2024
CSTO Secretary-General: ‘Armenia should assess security threats’
11:10 24.04.2024
Ammunition found in Azerbaijan’s Khankandi
Ammunition found in Azerbaijan’s Khankandi
10:54 24.04.2024
Umud Mirzayev Condemns Flag Burning Incident in Yerevan, Highlights Role of Armenian Separatists
10:33 24.04.2024
President Ilham Aliyev: Armenia blocks possibility of building land connection with Nakhchivan Autonomous Republic
President Ilham Aliyev: Armenia blocks possibility of building land connection with Nakhchivan Autonomous Republic
10:14 24.04.2024
"Significance of Russian 'Peacekeeper' Withdrawal in South Caucasus - Insights from Political Expert Neil Watson
10:00 24.04.2024
Ilham Aliyev: Education of the young generation is one of our main priorities
09:46 24.04.2024
President: France, India, and Greece weaponizing Armenia against us—we can't just sit and wait
09:30 24.04.2024
Joe Biden to sign Ukraine aid bill on April 24
09:17 24.04.2024
President: Attainable to reach Azerbaijan-Armenia agreement before COP29, even on basic principles
09:02 24.04.2024
President Ilham Aliyev: We never forgot about issue of four villages
08:53 24.04.2024
President of Azerbaijan: 'World to need fossil fuels for many more years'
President of Azerbaijan: 'World to need fossil fuels for many more years'
23:00 23.04.2024
AI giants adopt safety measures to prevent child exploitation
AI giants adopt safety measures to prevent child exploitation
22:00 23.04.2024
Former UK Ambassador: ‘Negotiations between Azerbaijan, Armenia without mediators are big step’
21:00 23.04.2024
Raisi: There could be nothing left of Israel's govt if it attacks again
20:25 23.04.2024
President Aliyev: We aim for COP29's success in addressing climate change issue
20:00 23.04.2024
Lithuania welcomes agreement between Azerbaijan and Armenia
Lithuania welcomes agreement between Azerbaijan and Armenia
19:19 23.04.2024
Ukraine receives armored personnel carriers from Lithuania
Ukraine receives armored personnel carriers from Lithuania
19:00 23.04.2024
Sergey Stankevich: 'Soon, the new era in the history of the South Caucasus will be talked' - INTERVIEW
18:45 23.04.2024
Armenian Parliament rejected draft of opposition regarding border delimitation with Azerbaijan
18:18 23.04.2024
Pundit: Iran sees Azerbaijan as a potential threat to itself
18:00 23.04.2024
Czechia to hold extraordinary meeting of NATO foreign ministers in May
17:48 23.04.2024
Australian PM calls Elon Musk an 'arrogant billionaire' in row over attack footage
Australian PM calls Elon Musk an 'arrogant billionaire' in row over attack footage
17:29 23.04.2024
Umud Mirzayev: 'Revanchist politics led Armenia to disaster'
17:15 23.04.2024
Ilham Aliyev: Azerbaijan closely partners with all Eurasian Union members, except Armenia.
17:00 23.04.2024
Peacekeepers leaving Karabakh, peace in the South Caucasus, World War III? - Expert talk on Ednews
16:45 23.04.2024
Chinese Entities Procure Nvidia Chips Despite US Export Restrictions
Chinese Entities Procure Nvidia Chips Despite US Export Restrictions
16:33 23.04.2024
First border marker installed along Azerbaijan-Armenia border
16:25 23.04.2024
Poland: We’re ready to host nuclear weapons
16:12 23.04.2024
President: Azerbaijan's economy is self-sufficient and shows sustainable growth even during crises
15:58 23.04.2024
Iran's attack on Israel, withdrawal of Russian peacekeepers, peace talks... - Insights from Andrew Korybko
15:35 23.04.2024
Azerbaijani, Czech FMs make speech at joint press conference
14:46 23.04.2024
Ilham Aliyev participating in international forum themed ‘COP29 and Green Vision for Azerbaijan’ at ADA University - VİDEO
14:22 23.04.2024
Erdogan warns Armenia: Opportunities doors are never left open forever
14:12 23.04.2024
Hamısı