In a move unthinkable just months ago, EU leaders agreed to cut around 90% of all Russian oil imports over the next six months.
, the European Union agreed to ban the overwhelming majority of Russian oil imports after tense negotiations that tested how far the bloc is willing to go to ostracize Moscow.
The deputy head of Russia’s Security Council said Tuesday that energy sanctions against the country were intended to hurt ordinary Russians by making it harder for Moscow to fund social programs. "The risk is that the price of oil in general goes up because of the European sanctions. And if the price goes up a lot, the risk is that Russia starts to earn more, and Europe loses the bet," he said. Ideally, the EU would agree how much Russian oil to purchase each month to ensure the maximum pain, Villa said, but that would require constant negotiations that are not realistic given how the bloc works.
— Russian forces have seized around half of a key city in eastern Ukraine, according to the mayor. Analysts have painted the battle for Sievierodonetsk as part of a race against time for the Kremlin: The city is key to Russian efforts to quickly complete the capture of the eastern industrial region of the Donbas before more Western arms arrive to bolster Ukraine's defense.
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EU leaders agree to ban 90% of Russian oil by year-endEuropean Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support.
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EU leaders agree to ban 90% of Russian oil by year-endBRUSSELS (AP) — European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support.
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EU leaders agree to ban 90% of Russian oil by year-endEuropean Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support.
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EU leaders agree to ban 90% of Russian oil by year-endEuropean Union leaders have agreed to embargo most Russian oil imports into the bloc by year-end.
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EU leaders agree to ban 90% of Russian oil by the end of 2022European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support:
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