Estonian PM: Not realistic to expect an agreement on sixth package of Russia sanctions today

Joel Frank Independent Analyst

Estonian Prime Minister Kaja Kallas said on Monday that it is not realistic to expect an agreement on a sixth package of sanctions against Russia today, reported Reuters.

The EU has been struggling to agree on a sixth package that would largely target Russian oil imports amid opposition from land-locked EU countries such as Hungary, who have been pushing for pipeline-delivered crude to be exempt from any ban.

EU leaders are currently convening at a meeting of the EU Council Summit, which is set to last until Tuesday. The hope had been that, but by the end of the summit, a deal on a Russian oil import embargo could be reached.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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