EU agrees to cut 90% of Russian oil imports
EU resolves impasse over Russian oil ban • Zelensky says situation remains 'extremely difficult' • Russian forces enter fringes of Sievierodonetsk - governor
By REUTERS
Published: MAY 31, 2022
European Union leaders agreed on Monday to ban most imports of Russian oil to the 27-nation bloc as Ukrainian and Russian forces battled on the outskirts of Sievierodonetsk, the last city still held by Kyiv in Ukraine's strategic Luhansk province. In the bloc's toughest sanction on Moscow since the invasion of Ukraine three months ago, European Council President Charles Michel said the ban agreed at an EU summit in Brussels would immediately cover more than two-thirds of oil imports from Russia and cut a "huge source of financing for its war machine."
The leaders said they had agreed to cut 90% of oil imports from Russia by the end of this year, with exemptions for Hungary - a landlocked country that relies heavily on crude piped from Russia - and others concerned about the ban's economic impact. EU leaders also agreed to cut off the largest Russian bank, Sberbank, from the SWIFT system and to ban three more Russian state-owned broadcasters, Michel added. The announcement came as Russia pressed its attacks in Ukraine's eastern Donbas region, where Ukrainian President Volodymyr Zelensky said the situation remained "extremely difficult."
more............... https://www.jpost.com/international/article-708120
EU resolves impasse over Russian oil ban • Zelensky says situation remains 'extremely difficult' • Russian forces enter fringes of Sievierodonetsk - governor
By REUTERS
Published: MAY 31, 2022
European Union leaders agreed on Monday to ban most imports of Russian oil to the 27-nation bloc as Ukrainian and Russian forces battled on the outskirts of Sievierodonetsk, the last city still held by Kyiv in Ukraine's strategic Luhansk province. In the bloc's toughest sanction on Moscow since the invasion of Ukraine three months ago, European Council President Charles Michel said the ban agreed at an EU summit in Brussels would immediately cover more than two-thirds of oil imports from Russia and cut a "huge source of financing for its war machine."
The leaders said they had agreed to cut 90% of oil imports from Russia by the end of this year, with exemptions for Hungary - a landlocked country that relies heavily on crude piped from Russia - and others concerned about the ban's economic impact. EU leaders also agreed to cut off the largest Russian bank, Sberbank, from the SWIFT system and to ban three more Russian state-owned broadcasters, Michel added. The announcement came as Russia pressed its attacks in Ukraine's eastern Donbas region, where Ukrainian President Volodymyr Zelensky said the situation remained "extremely difficult."
more............... https://www.jpost.com/international/article-708120