The European Union has agreed to ban most Russian oil imports amid its ongoing invasion of Ukraine. European Union President Charles Michel made the announcement Monday, more than three months after the invasion began. “This immediately covers more than ⅔ of oil imports from Russia, cutting a huge source of financing for its war machine,” […]
The European Union has agreed to ban most Russian oil imports amid its ongoing invasion of Ukraine.
European Union President Charles Michel made the announcement Monday, more than three months after the invasion began.
“This immediately covers more than ⅔ of oil imports from Russia, cutting a huge source of financing for its war machine,” Michel said in a tweet. “Maximum pressure on Russia to end the war.”
The ban only targets Russian oil brought by sea and has a temporary exemption for pipeline imports, per Just the News.
The EU will also implement sanctions on Russia including “de-Swifting the largest Russian bank Sberbank, banning 3 more Russian state-owned broadcasters, and sanctioning individuals responsible for war crimes in #Ukraine,” Michel tweeted.
