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Oil slips as investors eye EU vote on Russian oil ban
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Last week, both contracts rose for the second straight week on supply concerns after the European Commission proposed a phased embargo on Russian oil as part of its toughest-yet package of sanctions over the conflict in Ukraine. The proposal requires a unanimous vote among EU members.
Bulgaria’s Deputy Prime Minister said late on Sunday that the country will veto EU oil sanctions on Russia if it does not get derogation from the proposed embargo.
The talks will continue tomorrow, on Tuesday too, a meeting of the leaders may be needed to conclude them. Our position is very clear. If there be a derogation for some of the countries, we want to get a derogation too,” Vassilev told national BNT television.
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