The E.U. unveils a plan to ban Russian oil imports.

European Union international locations ought to ban Russian oil imports within the subsequent six months, and all refined oil merchandise by the top of the 12 months, the president of the European Commission, Ursula von der Leyen, advised the European Parliament on Wednesday morning as she unveiled the bloc’s new bundle of measures in opposition to Russia.

The crude ban and different measures might be offered intimately to E.U. ambassadors Wednesday and are anticipated to be adopted by the top of the week.

“Let us be clear, it will not be easy,” Ms. von der Leyen advised European deputies on the parliament’s plenary session in Strasbourg, France. “Some member states are strongly dependent on Russian oil. But we simply have to work on it.”

Her announcement was greeted with applause by the members of Parliament, reflecting the broad consensus that the measure, whereas tough to take and doubtlessly economically painful for Europeans, has been lengthy anticipated as mandatory to start out depriving President Vladimir V. Putin of money wanted to fund the battle.


E.U. diplomats who’ve seen the sanctions paperwork mentioned that Hungary and Slovakia, two members with outsize dependence on Russian oil imports, can be given till December 2023 to ban the gasoline.

The diplomats additionally mentioned the proposal will embrace sanctions in opposition to the top of the Russian Orthodox Church, Patriarch Kirill of Moscow, in a extremely symbolic transfer that can goal him for supporting Mr. Putin’s invasion’s of Ukraine.

Ms. von der Leyen mentioned that the bloc of 27 international locations may also impose sanctions on Sberbank, Russia’s largest financial institution.

Source link