Germany has reportedly demanded that proposed sanctions against Russia over the crisis in Ukraine do not include restrictions on energy, insisting that the sector be exempted if measures are taken to block banks’ access to US dollars.
That’s according to Bloomberg, citing documents seen by the news agency.
The EU and the US are currently working on a package of measures designed to deter Russia from considering a military incursion into Ukraine, as Moscow stands accused of placing 100,000 troops on the border, with some claiming that the Kremlin is planning an attack. This claim has been repeatedly denied, but tensions remain at an all-time high on the frontier.
During discussions for potential measures against Moscow, Germany has reportedly insisted that, without an exemption for energy transactions, oil and gas supplies to Europe could be seriously threatened. These worries are also shared by some other countries, the newspaper claims, noting that a carve-out for energy could be included in the final agreed package, designed to be introduced in the case of an invasion.