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Reuters
Reuters
Business
Robin Emmott

EU ministers fail to persuade Hungary to sign up to Russian oil embargo

Gabrielius Landsbergis Oil Lithuania Russia European Union
FILE PHOTO: Lithuanian Foreign Minister Gabrielius Landsbergis listens during a news conference in Vilnius, Lithuania March 18, 2022. REUTERS/Janis Laizans/File Photo

EU foreign ministers failed on Monday in their effort to pressure Hungary to lift its veto of a proposed oil embargo on Russia, with Lithuania saying the bloc was being "held hostage by one member state".   

The ban on crude imports proposed by the European Commission in early May would be its harshest sanction yet in response to Moscow's Feb. 24 invasion of Ukraine and includes carve-outs for EU states most dependent on Russian oil.   

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