3 May 2022

EU divided on ending supply of Russian oil and gas

From Morning Report, 7:34 am on 3 May 2022

The EU is divided over how to end its reliance on Russian oil and gas.

EU Ministers have been meeting in Brussels to discuss how to reduce their dependence on Russian reserves.

The German Finance Minister, Christian Lindner, says his country is ready to move ahead with an oil embargo on Russia.

The energy minister says the country's not quite ready for a ban on gas. Other countries, like Hungary, remain opposed to a ban on either fuel.

More detailed guidance is expected from the European Union in coming days on what companies are and aren't allowed to do under current EU sanctions.

The EU's energy commissioner Kadri Simson says demands for European companies to open euro and ruble accounts at Russia's Gazprombank bank cannot be accepted.

Brussels correspondent Rosie Birchard spoke to Corin Dann.