EU Leans Toward Delaying a Pipeline Ban to Clinch Oil Deal
- Shipments via Druzhba oil pipeline could be spared from ban
- Nations aiming for a deal before leaders meet next week
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Some European Union leaders are leaning toward a deal that would ban seaborne oil while temporarily sparing deliveries through a key pipeline to give landlocked Hungary more time, as the bloc tries to reach an agreement on a new sanctions package targeting Russia for its war in Ukraine.
EU governments are discussing a plan with the European Council and European Commission that would make shipments of oil through the giant Druzhba pipeline exempt for a limited period of time from a broader ban on oil deliveries to the bloc, according to people familiar the matter.