NEWYou can now listen to Fox News articles!
Germany will support the European embargo on Russian oil, marking another significant shift in the nation’s stance as the invasion of Ukraine continues.
The ambassadors will table the proposal at a summit of ambassadors in Brussels on Wednesday, with the hope of approving the embargo by the end of next week. Germany has resisted such an embargo, but government sources told German news agency dpa on Sunday that Chancellor Olaf Scholz would support the embargo.
RUSSIA INVADES UKRAINE: LIVE UPDATES
Scholz has previously urged caution against any outright ban for fear of the consequences, which he said would prove devastating for the German economy and the continent as a whole.
But Germany has reportedly managed to drastically reduce its dependence on Russian oil over the past eight weeks: Germany took 35% of its energy from Russia, but has dropped to just 12%, according to the energy minister Robert Habeck.
The U-turn by Germany, which had been a leading opponent of cutting off the EU’s oil and gas trade with Russia, comes after Berlin struck a deal with Poland to import oil through the EU. one of its Baltic Sea ports, according to this report.
That would leave Italy, Austria, Hungary, Slovakia, Spain and Greece as the last holdouts that have yet to publicly back an embargo, according to DW.
IN UKRAINE, I WITNESSED THE UNITY, SACRIFICIAL LOVE AND INTENSE SPIRIT OF A PEOPLE
Germany remained under immense pressure to change its various positions on Ukraine and Russia, including a reluctance to send heavy weapons to Ukraine.
But Munich agreed to send “Gepard” anti-aircraft tanks to Ukraine, with the support of German voters: around 55% of Germans now say they should supply such weapons to Ukraine.
RUSSIA’S WAR AGAINST UKRAINE IS JUST AMERICA’S FIRST CHALLENGE
Scholz defended his decision to slow down support, saying he found “hasty actions and nonconformist German efforts questionable.”
German voters disagree, with 54% unhappy with the Chancellor’s handling of the crisis, Reuters reported.
CLICK HERE TO GET THE FOX NEWS APP
Members of his party’s left wing continue to claim that the delivery of tanks and other heavy weapons will only further provoke Russia and induce it to expand its military operations again.
A new round of EU sanctions will target Russia’s biggest bank, Sberbank, and several prominent Russians, the officials added.
Fox News’ Greg Norman contributed to this report.
You Can Read Also