EU Faces Same Hurdles Over Tariff On Russian Oil As With Embargo

The European Union is unlikely to reach a unanimous decision on the idea the U.S. has floated for cutting Putin's oil revenues—a tariff on Russian oil, a senior official told Argus on Friday. Basically, an EU-wide agreement on a tariff is likely to be as difficult to reach as a phased oil embargo proves to be currently amid strong opposition from Hungary. The idea of an EU tariff on oil imports from Russia comes from the United States, which is considering proposing that European countries impose a tariff instead of an embargo,…