Hungary continues to block attempts by the European Union to impose an embargo on Russian oil imports, delaying the entire package of sixth package sanctions against the Russian Federation due to the war in Ukraine. It is reported by Bloomberg with reference to the words of people familiar with the talks held on Sunday, May 8..

" Negotiations are expected to resume in the coming days,"

EU proposal aims to ban crude oil within the next six months and refined petroleum products until early January. The EU also proposed the exclusion of Hungary, Slovakia and the Czech Republic, as they are heavily dependent on Russian oil..

But the concessions failed to convince Hungary, which continued to block on Sunday a plan to ban oil and how to fund the switch from Russian energy..

The EU insisted that sanctions be agreed on by Victory Day, which is celebrated in Russia on May 9.

After a failed attempt to approve a package of sanctions, G7 leaders are due to hold a video call later Sunday to discuss how this delay could limit the sanctions that were previously announced, Bloomberg reported..

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Under an EU plan proposed to member countries last week, European companies and individuals are planned to be banned from providing tankers and related services, such as insurance, needed to transport oil to third countries.. These measures are planned to be introduced within three months..

The EU also offers:.

disconnect three more Russian banks from the international payment system SWIFT, including the largest creditor in Russia - Sberbank;

prohibit Russian structures and individuals from buying real estate in the EU;

prohibit the provision of consulting services to Russian companies and the trade in a number of chemicals;

impose sanctions on Alina Kabaeva, a former Olympic gymnastics champion who is \;

impose sanctions against Patriarch Kirill, who heads the Russian Orthodox Church and is an active supporter of the Russian president and the war in Ukraine.

Dozens of military personnel have also been sanctioned, including those believed to be responsible for war crimes in Bucha, as well as companies supplying equipment, supplies and services to the Russian armed forces..