EU agrees partial embargo on Russian oil supplies

Embargo on imports of two-thirds of Russian oil agreed in Brussels.

The European Union has agreed on a partial embargo on Russian oil supplies

The European Union agreed on a partial embargo on Russian oil supplies

On the night of May 31, the leaders of the countries of the European Union (EU) at an unscheduled summit on Ukraine in Brussels agreed on an embargo on the import of two-thirds of Russian oil. This was announced by the head of the European Council Charles Michel. “Agreement banning the export of Russian oil to the EU. It covers more than two-thirds of Russia's oil imports, cutting off a huge source of funding for its war machine. Maximum pressure on Russia to end the war, – TASS quotes a European official on Twitter. There was no complete compromise on this issue among the leaders of the EU countries on this issue. Before the start of the EU summit on May 30, Hungarian Prime Minister Viktor Orban also stated this: “At present, no compromise has been reached. We are in a difficult situation because of the irresponsible actions of the European Commission.” Orban stressed that when approving the previous five pacts of sanctions, the EU first accepted the restrictions, and then thought about the consequences: “Now we are talking about energy, this is risky, serious.” The EU embargo on imports of Russian oil will not apply to pipeline deliveries. This was announced by the head of the European Council Charles Michel at a press conference on Tuesday following the results of the first day of the EU summit in Brussels. In addition, the package of sanctions agreed in Brussels includes other measures, Michel said on Twitter: “These are the disconnection of the largest Russian bank Sberbank from SWIFT, the banning of three more Russian state broadcasters and the imposition of sanctions on those responsible for war crimes in Ukraine.” This is a political decision, which should be followed by a technical procedure, a representative of the European Council told journalists in Brussels, TASS writes. The European Council is also ready to allocate €9 billion to Ukraine. The funds will be used to “restore Ukraine.” Ursula von der Leyen noted that the funding will go in exchange for reforms, TASS reports.

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