Maud Descamps 07h49, May 03, 2022

Decisive day for the European Union which could enact a new package of sanctions against Russia.

The President of the European Commission should outline this on Tuesday.

Measures taken in response to Moscow's decision to cut off gas to Poland and Bulgaria.

Energy ministers gathered in Brussels on Monday to seek a Russian gas parade. 

The European Union should enact a sixth package of sanctions against Russia.

Those sanctions will include the removal of "other banks" from the Swift transaction system, its top foreign affairs representative, Josep Borrell, said in Panama on Monday.

The twenty-seven member states also want to put in place an embargo on Russian oil and petroleum products.

"We couldn't last a single month"

They represent respectively 15 and 30% of European imports.

But an immediate exit from Russian oil seems complicated.

On Monday, the German Foreign Minister indicated that Berlin was not asking for an immediate embargo because she said "we could not last a single month".

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A common purchasing platform

The European energy ministers continue to organize the parade so that the 27 can do without Russian gas by the end of the year.

Minister for Ecological Transition Barbara Pompili recalled that there would be no payment in rubles as required by the Kremlin.

The next gas payments are expected to take place in mid-May.

In addition, the European Union is going to set up a common purchasing platform so that all member states can buy gas from countries other than Russia and thus fill their stocks by next winter.