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5/24, 4:14 PM (Source: TeleTrader)
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Russian oil ban won't be decided at EU summit - VDL

European Commission President Ursula von der Leyen told Politico in an interview on Tuesday that the final decision on the complete ban of Russian oil will not be made during next week's European Council summit, adding that she does not want to raise "false expectations"

"We’re speaking about landlocked countries that need alternative supply via pipeline, so you have to speak about the investment in the pipelines, to increase the supply, and we’re talking about refineries that have to be updated, and investment and renewable energy," said Von der Leyen.

The Commission president stated that what will be discussed is the "political element" of the topic, meaning "how much are the other 26 [member countries] willing to concede as investment to Hungary."

Baha Breaking News (BBN) / AY