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EU imports of Russian oil plunge by 90% as a result of sweeping bans

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EU imports of Russian oil plunge by 90% as a result of sweeping bans

It’s official: the European Union is no longer the top client of Russian oil.

As a result of the sweeping bans imposed in reaction to the Ukraine war, the bloc’s imports of Russian oil have plunged by 90% in the span of one single year.

In February 2022, the same month the Kremlin launched the full-scale invasion, the EU bought 15.189 million tonnes (Mt) of Russian crude oil and refined products, such as diesel, kerosene and gasoline.

One year later, in February 2023, those same imports totalled 1.876 Mt. The following month, in March, they fell further to reach 1.445 Mt.

The massive gap left by Russia has been filled by a variety of countries, including the United States, Norway, Algeria, Brazil, Angola and the United Arab Emirates.

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The numbers, released on Monday by Eurostat, expose the effects of the far-reaching ban on Russian oil that EU leaders agreed to impose in late May after hard-fought negotiations.

The prohibition was two-fold as it applied to both seaborne crude oil and seaborne refined products, and entered into force on 5 December and 5 February, respectively.

The timeline was designed to help member states adapt to the radical transformation and the banishment of their top energy supplier.

The measure, however, exempted oil imports through the Druzhba pipeline upon the request of landlocked countries in Central Europe, most notably Hungary, whose demands delayed the ban’s final approval.

In fact, the country-by-country breakdown of the March data shows the majority of Russian crude oil went to the three countries physically connected by Druzhba: Hungary, Slovakia and the Czech Republic.

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EU leaders had promised to revisit the controversial Druzhba derogation, which was set as indefinite in time, but the issue remains untouched.

“Total oil imports from Russia did not reach zero due to certain exceptions outlined in the bans, which allow for limited imports under specific conditions,” Eurostat said in its press release.

The turmoil triggered by Russia’s invasion sparked turmoil in the energy sector, prompting member states to release a share of their emergency oil reserves in a bid to calm down market prices.

According to Eurostat, as of March 2023, only five member states –  Bulgaria, Czechia, Ireland, Latvia and Lithuania – were still below the national minimum level of emergency oil stocks.

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Middle East Crisis: Critically Ill Children Allowed to Leave Gaza for First Time Since May

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Sixty-eight people, including sick and injured patients and their escorts, crossed the border to get treatment, the Israeli military said. The evacuation was carried out in coordination with the U.S., Egypt and the international community.

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Taiwan issues travel advisory after China vows to execute independence supporters

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Taiwan issues travel advisory after China vows to execute independence supporters

The Taiwanese government warned its citizens not to travel to mainland China on Thursday after Beijing threatened to execute residents who support the island’s independence.

Taiwan’s Mainland Affairs Council spokesman Liang Wen-chieh issued the warning during a routine press conference. The Chinese government announced a new policy targeting “separatists” last week, and said it would pursue the death penalty for “diehard” supporters of Taiwanese independence.

“I want to stress: Democracy is not a crime; it’s autocracy that is the real evil. China has absolutely no right to sanction Taiwan’s people just because of the positions they hold. What’s more, China has no right to go after Taiwan people’s rights across borders,” Taiwan President Lai Ching-te said Wednesday.

“I also want to call on China to face up to the existence of the Republic of China and have exchanges and dialogue with Taiwan’s democratically elected, legitimate government,” he said, using Taiwan’s formal name. “If this is not done, relations between Taiwan and China will only become more and more estranged.”

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The Taiwanese government warned its citizens not to travel to mainland China on Thursday after Beijing threatened to execute residents who support the island’s independence. (AP Photo/Chiang Ying-ying)

China has long considered Taiwan to be its territory, and Chinese President Xi Jinping has threatened to take the island by force in recent years.

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China’s Taiwan Affairs Office clarified on Wednesday that the threat of execution applies only to a small number of Taiwanese independence “diehards’ evil words and actions.”

Xi Jinping

China has long considered Taiwan to be its territory, and Chinese President Xi Jinping has threatened to take the island by force in recent years. (Szilard Koszticsak/MTI via AP)

The move is the latest escalation of tensions between Taipei and Beijing. Recent months have also seen China conduct extensive military drills surrounding the island. China has used the drills as intimidation, typically following events connecting the U.S. and Taiwan.

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China first conducted live-fire drills in 2022 after then-House Speaker Nancy Pelosi. D-Calif., traveled to Taiwan. It was the first time a U.S. speaker visited the island in over 25 years. 

Chinese soldier looking through binoculars with a military ship in the background

Recent months have also seen China conduct extensive military drills surrounding the island, typically following events connecting the U.S. and Taiwan. (Lin Jian/Xinhua via AP)

Beijing’s execution threat comes just days after the U.S. approved the sale of $360 million in drones, missiles and other equipment to Taiwan.

Reuters contributed to this report.

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Serbian police shut down cultural exchange festival with Kosovo

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Serbian police shut down cultural exchange festival with Kosovo

The festival ban comes a day after the EU Foreign Policy chief Josep Borrell said no progress had been made during talks in Brussels towards implementing an EU-backed agreement towards normalising ties between Belgrade and Pristina.

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Serbian police have banned a festival that promotes cultural exchange with Kosovo following a rally by far-right protesters outside the venue. 

In a statement, Belgrade police cited security concerns as the reasons for stopping the event from going ahead, saying they wanted to prevent ‘danger to the security of people and property and to public peace and order on a larger scale.’ 

The police statement also said that the anti-festival protest, which saw several dozen right-wing extremists gather outside the festival venue, waving Serbian flags and banners saying ‘No surrender’, had also been banned. 

Several Serbian government officials have sharply criticised the festival in recent days, describing it as anti-Serb.

While the festival has been held alternatively in Serbia and Kosovo for the past decade, this year’s ban in Serbia illustrates a general toughening of the government’s stance toward its critics.

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The Mirëdita, dobar dan festival, whose name means ‘hello’ in Albanian and Serbian, is organised by youth groups from Serbia and Kosovo and was due to open on Thursday with a theatre show from Kosovo.

According to the festival’s website the event, which was due to run for two days, aims to ‘enrich regional perspectives and foster cooperation and peacebuilding’.

No progress

The festival ban came a day after the EU Foreign Policy chief Josep Borrell said no progress had been made during talks in Brussels towards implementing an agreement between Belgrade and Pristina.

Serbian President Aleksandar Vučić and Kosovo’s Prime Minister Albin Kurti had met to discuss an EU-backed plan to normalise ties. However, unresolved issues, including Pristina’s demands that Belgrade hands over the suspected organisers of the Banjska attack, blocked further progress.

Speaking after the meetings, Borrell said that the European Union will continue to exert all its efforts and capacity to normalise relations between Belgrade and Pristina.

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“Kosovo was not ready for this, Kosovo was not willing to do this trilateral meeting. Serbia was ready to do it, but you need two to dance tango and we need two to sit around the table in order to continue the dialogue,” Borrell added.

Borrell said on Wednesday ahead of the meeting that a new round of dialogue between Belgrade and Pristina would “hopefully send a different message and end in a different note.”

Brussels has warned both Belgrade and Pristina that refusal to compromise jeopardises Serbia and Kosovo’s chances of joining the bloc.

Kosovo, a former Serbian province, declared independence in 2008, a move Belgrade does not recognise.

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