7 minutes agoEU '%s' agrees on compromise agreement to ban Russian oil imports
Periskopi(4 years ago)
(4 years ago)European Union leaders have agreed to a plan to block more than two-thirds of Russian oil imports. The ban is a compromise that will not currently affect oil imports in pipelines, following opposition from Hungary. European Council chief Charles Michel said the agreement interrupted “one [...]
European Union leaders have agreed to a plan to block more than two-thirds of Russian oil imports.
The ban is a compromise that will not currently affect oil imports in pipelines, following opposition from Hungary.
European Council chief Charles Michel said the agreement interrupted “a major funding source” for the Russian war machine.
It is part of a package of six sanctions adopted at a summit in Brussels, which all 27 member states must agree to.
Michel said the EU had also agreed to hit measures targeting the largest Russian bank, Sberbank, and three state broadcasters.
EU members spent hours trying to resolve their differences over the ban on Russian oil imports, with Hungary its main opponent.
Compromise followed several weeks of bickering until it was agreed that there would be a temporary exemption for oil coming through EU pipeline”, Michel told reporters.
Because of this, immediate sanctions will affect only Russian oil transported to the EU via the sea -- two-thirds of the total imported by Russia.
