EU Leaders Reach Deal to Impose Partial Ban of Russian Oil
May 31, 2022
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0:24Now PlayingEU Leaders Reach Deal to Impose Partial Ban of Russian Oil
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as posted by the channelEuropean Union leaders agreed to pursue a ban that would halt the imports of most Russian oil, in a move designed to hit the country’s coffers and pave the way for a sixth package of sanctions to punish it and President Vladimir Putin for the invasion of Ukraine.
Oil headed for the longest run of monthly gains in more than a decade on the EU’s move that was reached during a leaders’ summit in Brussels. Members overcame objections from Hungary, which had been blocking an embargo as it sought assurances its energy supplies wouldn’t be disrupted.
President Joe Biden said the US would not send Ukraine “rocket systems that can strike into Russia,” seemingly quashing reports the administration would consider long-range weapons in a new assistance package. Ukraine has repeatedly called for more offensive weapons as it battles Russian troops in the east.
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