4/28/2022, 4:32 PM (Source: TeleTrader)
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Germany agrees to sanctions on Russian oil - report

Germany has revoked its objections to sanctions on Russian oil, the Wall Street Journal reported on Thursday. However, two unnamed officials said it asked for "sufficient time to secure alternative supplies."

On Tuesday, German Economy Minister Robert Habeck stated that Berlin will be able to commit to an embargo "in a matter of days" as Russian imports currently account for just 12% of its supply. The oil sanctions should be included in the next package under consideration among European Union member states.

Baha Breaking News (BBN) / DJ