EU leaders agree to partial embargo of Russian oil imports
The Guardian says the European Union has agreed to an embargo on most Russian oil imports after late-night talks at a summit in Brussels.
The president of the European Council, Charles Michel, hailed the deal as a “remarkable achievement”, after tweeting on Monday night that sanctions will immediately impact 75% of Russian oil imports, “cutting a huge source of financing for its war machine”.
Ursula von der Leyen, the president of the European Commission, said the ban “will effectively cut around 90% of oil imports from Russia to the EU by the end of the year” because Germany and Poland had committed to renounce deliveries via a pipeline to their territory.
Michel added that the package also included removing access to Swift payments for Russia’s largest bank, Sberbank; banning three more Russian state-owned broadcasters; and further sanctions against “individuals responsible for war crimes in Ukraine”.
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