Leaders also backed the creation of an international fund to rebuild Ukraine after the war, with details to be decided later. The summit also brought political backing for a package of EU loans worth €9bn (£7.6bn), with a small component of grants to cover part of the interest, for Ukraine to keep its government going and pay wages for about two months. Russia’s biggest bank, Sberbank (SBMX.MM), is being cut from the SWIFT banking messaging system. The EU will bar three Russian state-owned broadcasters from distributing content in member countries. The remaining 10 percent will be temporarily exempt from the embargo so that landlocked Hungary – which had led opposition to the EU package – along with Slovakia and the Czech Republic, which are all connected to the southern leg of the pipeline, has access which it cannot easily replace.Įuropean Commission President Ursula von der Leyen said moving to “phase out our dependency on Russian gas, oil and coal as soon as possible” would require a new approach which would require saving energy, diversifying from fossil fuels and a “massive” investment in fossil fuels.ĮU leaders haven’t confirmed how long the embargo on Russian will last and have said only that it will be “temporary”. The embargo would encompass 90 per cent of all imports from Russia once Poland and Germany, which are also connected to the pipeline, stop buying it by the end of the year. Financing /mCKJkByFKu- Ursula von der Leyen May 30, 2022.We agreed in Versailles to phase out our dependency on Russian gas, oil & coal as soon as possible.īut this requires a plan: This is #REPowerEU. Imports that come on ships representing two thirds of all the EU’s supplies from Russia will stop immediately, but the remaining third which flows from the Druzhba pipeline will not be affected, for now, after opposition from Hungary. The EU have agreed a plan that it says will slash 90 per cent of oil imports from Russia by the end of the year with more than two thirds of shipments covered immediately by the ban. What has the EU agreed and when will it be implemented? The Ukrainians are paying with their lives,” he said. The EU imports around 40 per cent of its gas and 27 per cent of its oil from Russia, so it is likely that petrol prices on the continent are likely to be hit in the short term, while countries find alternative sources.īut, as Latvia’s Prime Minister Krisjanis Karins, says: member countries should not get “bogged down” in their own personal interests. Prior to the war, some 18 per cent of Britain’s diesel requirements were met from Russia, but the UK has been gradually reducing imports after imposing its own restrictions on oil from Russia.ĭespite being less reliant on Russian oil than many EU countries, Britain is impacted by the current uncertainty pushing up price across interconnected markets.Įurope currently takes around two million barrels a day from Russia.Ĭrude oil prices are already up 60 per cent this year due to fears about disruptions in supplies from Russia. A total of 17 songs, including one instrumental, were laid down for the follow-up to 2012's 'Apocalyptic Love' with producer Michael 'Elvis' Baskette ( ALTER BRIDGE, FALLING IN REVERSE, INCUBUS).'No more tax cuts' for struggling Britons this year, but businesses could still get giveaways 13 June, 2022 Ministers claim sugar and salt tax would be 'tone deaf' after throwing out food tsar's plan 13 June, 2022 Government's new 'cost of living' tsar is multi-millionaire venture capitalist 13 June, 2022 Slash and his backing band, MYLES KENNEDY & THE CONSPIRATORS, will release 'World On Fire', the third album to be made available under the Slash solo banner, on September 15 via Slash's own label Dik Hayd International distributed through Roadrunner Records (Europe, Middle East, Africa and Latin America). 'Especially since he has never tattooed before, so I'm the only one in the world with a tattoo from Slash,' she said. Lee tells Aftonbladet that she is really happy with the result. She then managed to persuade him to tattoo his autograph on her leg. The tattooist, Emilia Lee of Catapult Tattoo asked Slash if he ever tattooed anyone, to which he replied that he never had. 'It was a little too daring for the cover, so I had to tone it down a bit now. He tells the newspaper Aftonbladet that the tattoo was his own design, which he came up with while he was working on his second CD, 'Apocalyptic Love'. Legendary guitarist Slash ( GUNS N' ROSES, VELVET REVOLVER) got a new tattoo in Stockholm, Sweden on Sunday, June 8 while he was in town to do press for his new album, 'World On Fire'.

Slash tattoos