European Union nations are reportedly working on a Russia oil sanction deal that could be signed at next week's EU Council Summit that would exclude oil delivered into the EU via pipelines, two EU officials told Reuters. Bloomberg had reported something similar earlier in the day.
The exclusion of oil delivered by pipelines is designed to win over the approval of landlocked nations such as Hungary, who have thus far pushed back against plans for a broad EU ban on Russian oil imports. Leaders of EU 27 nations will be meeting on 30-31 May and any EU sanction plan must get unanimous approval from all nations.
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