The European Commission has been considering an embargo on Russian oil. It’s not clear yet when the sixth package would be proposed by the European Commission. EU in talks with oil-producing nations to close oil deals. The European Union is in talks with oil-producing countries for potential deals to get quickly non-Russian oil supply as it is discussing a ban on imports from Russia, an EU source told Reuters on Wednesday. The EU and its executive arm, the European Commission, have been considering an embargo on Russian oil as the West is looking to step up sanctions against Russia over its war in Ukraine and deprive Vladimir Putin of one of his key budget revenues—energy sales. The EU, however, continues to be split on the idea of a Russian oil embargo, with Germany leading the group opposing an immediate ban. If Germany could be persuaded to start shifting its […]