Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > EU envoys fail to agree 15th package of sanctions on Russia, diplomats say
    Finance

    EU envoys fail to agree 15th package of sanctions on Russia, diplomats say

    EU envoys fail to agree 15th package of sanctions on Russia, diplomats say

    Published by Global Banking and Finance Review

    Posted on December 6, 2024

    Featured image for article about Finance

    BRUSSELS (Reuters) - Representatives of European Union countries failed on Friday to approve a 15th package of sanctions on Russia, which included an extension for the Czech Republic to import Russian oil-based products coming mainly through Slovakia, diplomats said.

    Two member states blocked the passage over a disagreement about extending the time given to European companies disinvesting from Russia, diplomats said. EU members will come back to the package later.

    The package also includes sanctions on tankers carrying Russian oil.

    Within the package was a debate on extending an EU exemption allowing the Czechs to continue importing diesel and other products derived from Russian oil and made in a Slovak refinery.

    While the Czechs have said they were not looking for an extension allowing the import of Russian oil-based fuels, Slovakia has sought to keep the arrangement, which expired on Thursday, in place.

    Slovak refiner Slovnaft, owned by Hungary's MOL, is a significant exporter of diesel made from Russian oil to the Czech Republic. Czech officials have said an extension for six months could be accepted.

    The 27-nation EU banned most oil imports from Russia after the country's full-scale invasion of Ukraine in 2022. But the Czech Republic, Slovakia and Hungary gained exemptions to sanctions because of a lack of other supply.

    However, the Czech Republic has been upgrading a pipeline from Italy to Germany to transport more oil that way and wean itself completely off Russian crude by the second half of 2025.

    (Reporting by Julia Payne in Brussels, Marek Strzelecki in Warsaw, and Jan Lopatka in Prague; writing by Jason Hovet; Editing by Kevin Liffey and Mark Heinrich)

    Related Posts
    Morning Bid: BoE to make the cut as others stay the course
    Morning Bid: BoE to make the cut as others stay the course
    Beauty retailer Douglas cuts 2026 sales target
    Beauty retailer Douglas cuts 2026 sales target
    Lufthansa plays catch up with European rivals after bumpy ride
    Lufthansa plays catch up with European rivals after bumpy ride
    Sterling steady before expected BoE rate cut
    Sterling steady before expected BoE rate cut
    European shares muted ahead of key central bank decisions, US data
    European shares muted ahead of key central bank decisions, US data
    BP picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit
    BP picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit
    Elliott gears up for Barnes & Noble and Waterstones listing, FT reports
    Elliott gears up for Barnes & Noble and Waterstones listing, FT reports
    Aena to buy majority stakes in UK airports for $360 million
    Aena to buy majority stakes in UK airports for $360 million
    Micron shares up 12% in Europe after blowout forecast
    Micron shares up 12% in Europe after blowout forecast
    Analysis-More mega deals coming as chase for scale fuels near record-breaking year for M&A
    Analysis-More mega deals coming as chase for scale fuels near record-breaking year for M&A
    Incoming BP chief charted expansive legacy at Australia's Woodside
    Incoming BP chief charted expansive legacy at Australia's Woodside
    Campari sells Averna and Zedda Piras in 100 million euro deal
    Campari sells Averna and Zedda Piras in 100 million euro deal

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostInvestors raise bets on US rate cut after payrolls data
    Next Finance PostPolish police arrest former Russian crypto exchange boss wanted by US

    More from Finance

    Explore more articles in the Finance category

    Mercedes brings forward €5 billion fixed cost reduction target to end-2026 - Manager Magazin

    Mercedes brings forward €5 billion fixed cost reduction target to end-2026 - Manager Magazin

    China says it is granting new, streamlined rare earth export licences

    China says it is granting new, streamlined rare earth export licences

    Romania to raise minimum wage by 6.8% from July

    Romania to raise minimum wage by 6.8% from July

    UK electricals retailer Currys says well placed for Christmas

    UK electricals retailer Currys says well placed for Christmas

    Coinbase appoints UK ex-finance minister George Osborne to run advisory council

    Coinbase appoints UK ex-finance minister George Osborne to run advisory council

    EU must reform or risk irrelevance, Blair and Dimon say

    EU must reform or risk irrelevance, Blair and Dimon say

    Europe's auto industry future may be electric even after EU climbdown

    Europe's auto industry future may be electric even after EU climbdown

    Factbox-Can Ukraine survive without the EU's 'reparation loan'?

    Factbox-Can Ukraine survive without the EU's 'reparation loan'?

    EU leaders face crunch decision on using frozen Russian assets for Ukraine

    EU leaders face crunch decision on using frozen Russian assets for Ukraine

    Analysis-Return of 'Make Europe Great Again' trades hinges on German comeback

    Analysis-Return of 'Make Europe Great Again' trades hinges on German comeback

    Boeing, union pause contract talks for former Spirit AeroSystems engineers

    Boeing, union pause contract talks for former Spirit AeroSystems engineers

    ECB to hold rates steady as euro zone economy shows resilience

    ECB to hold rates steady as euro zone economy shows resilience

    View All Finance Posts