EU Comes to an Agreement on Partial Ban of Russian Oil Imports

EU Comes to an Agreement on Partial Ban of Russian Oil Imports

EU Comes to an Agreement on Partial Ban, of Russian Oil Imports.

The announcement was made after the European Council Summit convened in Brussels.

European Council Chief Charles Michel revealed the agreement via Twitter on May 30.

Agreement to ban export of Russian oil to the EU.

, Charles Michel, European Council Chief, via CNN.

This immediately covers more than 2/3 of oil imports from Russia, cutting a huge source of financing for its war machine, Charles Michel, European Council Chief, via CNN.

This new sanction is the sixth imposed on Russia by the EU since the invasion of Ukraine began.

The EU will ban 90 percent of Russian oil imports by the end of 2022.

We have covered overall 90 percent of Russian oil being wind down during this time frame.

, Ursula von der Leyen, European Commission President, via CNN.

Leftover is the roundabout 10 or 11 percent that is covered by the southern Druzhba.

, Ursula von der Leyen, European Commission President, via CNN.

We have agreed for the moment being for an exemption, Ursula von der Leyen, European Commission President, via CNN.

The European Council chief laid out other measures that will be imposed on Russia.

This sanctions package includes other hard-hitting measures: , Charles Michel, European Council Chief, via CNN.

... de-Swifting the largest Russian bank Sberbank, banning 3 more Russian state- owned broadcasters, , Charles Michel, European Council Chief, via CNN.

... and sanctioning individuals responsible for war crimes in Ukraine, Charles Michel, European Council Chief, via CNN.

Russian oil previously accounted for nearly one-quarter of the oil used by the EU