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EU leaders have agreed to impose a partial ban on Russian oil imports

EU

President of the European Council Charles Michel tweeted on Monday night that EU leaders had decided to prohibit “more than two-thirds” of Russian oil imports into the union, describing the action as “maximum pressure” on Russia to halt the crisis.

Read more: European Council is ready to grant Ukraine 9 billion euros

“Tonight #EUCO agreed a sixth package of sanctions. It will allow a ban on oil imports from #Russia. The sanctions will immediately impact 75% of Russian oil imports. And by the end of the year, 90% of the Russian oil imported in Europe will be banned, “Michel said on Twitter.

Michel’s declaration came as leaders from the EU’s 27 member states gathered in Brussels for a special summit to address matters relating to the Russia-Ukraine crisis, including the sixth package of sanctions against Russia, which includes an oil embargo.

According to Michel, the sanctions package also included other harsh measures such as de-Swifting Russia’s largest bank, Sberbank, and banning three more Russian state-owned channels.

Read more: EU leaders seek to break oil ban deadlock as Russia advances in Donbas

Michel stated that the European Council, in collaboration with the G7 (Group of Seven) countries, will continue to assist Ukraine with its immediate cash requirements.

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