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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.
Tonight #EUCO agreed a sixth package of sanctions.
AdvertisementIt 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. pic.twitter.com/uVoVI519v8
— Charles Michel (@eucopresident) May 30, 2022
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
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