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EU agrees ban on most Russian oil imports

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BRUSSELS: European Union leaders said they had agreed on Monday (May 30) to cut 90 per cent of oil imports from Russia by the end of this year, resolving an impasse over the bloc\u0027s toughest sanction yet on Moscow since the invasion of Ukraine three months ago. The 27-nation bloc has spent week

European Union leaders said they had agreed on Monday to cut 90 per cent of oil imports from Russia by the end of this year, resolving an impasse over the bloc's toughest sanction yet on Moscow since the invasion of Ukraine three months ago.

EU leaders meeting in Brussels hatched a compromise deal to exempt deliveries by pipeline from the ban, after Budapest warned halting supplies would wreck its economy. The wrangling over the sixth package of sanctions has rocked European unity in the face of the Kremlin's attack on Ukraine after five waves of unprecedented economic punishment on Russia.

 

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