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5/16, 7:48 PM (Source: TeleTrader)
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No deal on sixth sanctions package against Russia - Borrell

European Union High Representative for Foreign Affairs Josep Borrell stated the EU foreign ministers have failed to agree on the sixth sanctions package against Russia on Monday.

Following the meeting of the EU Council in Brussels, Borrell explained in a press conference, that the member states did not discuss the possibility of compensation to the countries that have experienced economic losses as a result of imposing sanctions against Russia. Also, Borrell noted that he remains uncertain when the agreement on the sixth sanctions package on Russia will be achieved, including an oil embargo.

Earlier today, Borrell noted the oil embargo deadlock remains a matter of discussion as some member states hold a strong position on the issue. Previously, Budapest explained that the coal embargo did not include a complete embargo on Russian energy.

Baha Breaking News (BBN) / AB