EU
foreign ministers are expected to formally adopt the sanctions package on
Monday 16 Dec. Further sanctions are
expected in the new year when Poland takes over the presidency of the EU from
Hungary.
Russia
remains the world’s second biggest oil exporter, brushing off sanctions to
maintain its oil exports, which were 254m tonnes last year and are on track to
hit 250m tonnes this year, a decline of less than 2% which maintains its market
share at around 10.5%.