Iran is preparing to flood Europe with its oil in place of the departing Russian energy carriers: Moscow's new friend has accumulated 100 million barrels of oil that can go to the West at any moment. Tehran is just waiting for the green light.
EU foreign policy chief Josep Borrell said on Friday the bloc would provide a further 500 millions euros worth of military support to Ukraine and that he was confident a deal could be reached in the coming days to agree an embargo on Russian oil.
Speaking to reporters on the sidelines of the G7 foreign ministers meeting in northern Germany, Borrell said the military support would be for heavy weapons such as tanks and artillery and take the bloc's aid to about 2 billion euros.
What Happened: Germany has dropped its opposition to a Russian oil embargo as long as it has enough time to wind down imports and find alternatives, The Wall Street Journal reported April 28. On April 27, Germany's economic minister announced that the country had struck a deal with Poland to increase oil imports through the Polish port of Gdansk, which is equipped to handle supertankers and has a pipeline that can send crude oil to a German refinery in Schwedt on the German-Polish border.
