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Bloomberg: Germany ready to support Russian oil embargo.
May 4, 2022 6:38 PM 1 min read
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Germany supported a European Commission proposal to impose an import ban on Russian oil, Bloomberg reported on May 4.
"The transition period is sufficiently long that we can take all precautions to create alternatives to Russian oil in Germany,” Economy Minister Robert Habeck said. “Of course we can’t guarantee in this situation that it will not falter, especially regionally.”
Germany is also preparing legislation to take control of a facility near the Polish border operated by Russia's Rosneft.
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