EU Comes to an <br />Agreement on Partial Ban, of Russian Oil Imports.<br />The announcement was made after the <br />European Council Summit convened in Brussels.<br />European Council Chief Charles Michel revealed the agreement via Twitter on May 30.<br />Agreement to ban export of Russian oil to the EU. , Charles Michel, European Council Chief, via CNN.<br />This immediately covers more than 2/3 of oil imports from Russia, cutting a huge source of financing for its war machine, Charles Michel, European Council Chief, via CNN.<br />This new sanction is the sixth imposed on Russia <br />by the EU since the invasion of Ukraine began.<br />The EU will ban 90 percent of Russian <br />oil imports by the end of 2022.<br />We have covered overall <br />90 percent of Russian oil being <br />wind down during this time frame. , Ursula von der Leyen, European Commission President, via CNN.<br />Leftover is the roundabout 10 or 11 percent that is covered by the southern Druzhba. , Ursula von der Leyen, European Commission President, via CNN.<br />We have agreed for the moment being for an exemption, Ursula von der Leyen, European Commission President, via CNN.<br />The European Council chief laid out other measures that will be imposed on Russia.<br />This sanctions package includes other hard-hitting measures: , Charles Michel, European Council Chief, via CNN.<br />... de-Swifting the largest Russian bank Sberbank, banning <br />3 more Russian state-<br />owned broadcasters, , Charles Michel, European Council Chief, via CNN.<br />... and sanctioning individuals responsible for war crimes <br />in Ukraine, Charles Michel, European Council Chief, via CNN.<br />Russian oil previously accounted for nearly <br />one-quarter of the oil used by the EU
