EU Revises Russia Oil Ban Plan to Give Hungary More Time
- Hungary, Slovakia would get until end of 2024 to comply
- EU ambassadors meeting Friday to discuss revised package
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The European Union has proposed a revision to its Russia oil sanctions ban that would grant Hungary and Slovakia an extra year to comply beyond what they had already been offered, giving them until the end of 2024, according to people familiar with the matter.
The Czech Republic would separately be granted an exemption until June 2024, the people said. All other member states would phase out their imports by the end of this year as originally proposed, with imports of crude halting in six months and refined petroleum products in eight months.