Brussels ready to propose tariffs on Russian oil as fallback after embargo

Brussels is willing to propose tariffs on Russian oil imports as a fallback option if any EU member states refuse to implement its newly announced embargo on crude.

Leaders agreed at a summit on Monday night to impose a ban on Russian seaborne oil imports, while granting a temporary exemption for Russian oil delivered via pipeline to prevent Hungary from blocking the embargo.

The carve-out from the ban, which benefits Hungary and other…