Advertisement

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

  • Web Desk
  • Share

EU
Advertisement

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.

Advertisement

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.
Advertisement

For the latest International News Follow BOL News on Google News. Read more on Latest International News on oldsite.bolnews.com

Also Read

Afghan security forces kill four insurgents

FAIZABAD, Afghanistan: Afghan security forces killed four insurgents in the Tagab district...

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Islanders seek answers on the Red Funnel deal with Njord Partners
A world of sports: Chengdu hosts 12th world games
Asia Cup 2025 proposed for early September in UAE
Trump makes new appointments, Rubio tipped for secretary of state
Trump leads with 312 electoral votes, Harris trails at 226 in final tally
Trump’s White House comeback puts criminal cases on pause
Next Article
Exit mobile version