DW News published this video item, entitled “What a ban on Russian oil could mean for Russia and the EU | DW News” – below is their description.
European leaders have so far failed to reach an agreement on an import ban on Russian oil. Landlocked Hungary, Slovakia and the Czech Republic have been demanding exemptions from the ban. What would a European energy embargo mean for Russia’s state budget?
A ban on imports of Russian oil would mean a dramatic shift in policy for the EU, and it wouldn’t come without consequences. About 12 percent of Germany’s oil comes from Russia. And nearly all of it flows through one refinery on the German-Polish border – providing thousands of jobs.
DW Reporter Matthew Moore went to the refinery in Schwedt, northeast of Berlin, to gauge local reactions to the potential ban.
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The Czech Republic, also called by its short-form name, Czechia, is a landlocked country in Central Europe. It is a unitary parliamentary republic.
Czechoslovakia was restored in 1945 until 1 January 1993 when it dissolved with its constituent states becoming the independent states of the Czech Republic and Slovakia. The Czech Republic is a member of NATO, EU, OECD, OSCE and CoE.
The Czech Republic is a developed country with an advanced, high income social market economy.
The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.
Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe. It lies between the Baltic and North seas to the north, and the Alps to the south.
Germany is a federal parliamentary republic led by a chancellor. With over 83 million inhabitants of its 16 constituent states, it is the second-most populous country in Europe after Russia, as well as the most populous member state of the European Union. Its capital and largest city is Berlin, and its financial centre is Frankfurt; the largest urban area is the Ruhr.
Hungary is a landlocked country in Central Europe. Its capital, Budapest, is bisected by the Danube River. Its cityscape is studded with architectural landmarks from Buda’s medieval Castle Hill and grand neoclassical buildings along Pest’s Andrássy Avenue to the 19th-century Chain Bridge. Turkish and Roman influence on Hungarian culture includes the popularity of mineral spas, including at thermal Lake Hévíz.
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.
Slovakia, officially the Slovak Republic, is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the southwest, and the Czech Republic to the northwest. Slovakia’s territory spans about 49,000 square kilometres and is mostly mountainous.
