(Sharecast News) - It's unlikely that Brussels will impose an immediate embargo on Russian oil, European Union officials said.
In remarks to CNBC, one EU official said that: "Only a minority of countries are in favour [of an oil embargo]."
Nonetheless, should Russia resort to chemical weapons "then nothing would be off the table" the same official added.
"If Russia starts using chemical weapons, we would be in a different situation."
A second anonymous EU official reportedly chimed in saying that: "Discussions continue but no decision likely this week unless [Russian President Vladimir] Putin does something even more outrageous."
Poland and the Baltic countries were said to be among the most vocal proponents of an oil embargo, whereas others - notably Germany and Hungary - were emphasising the potential economic costs as a result of higher prices.
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