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Ukraine War: EU ramps up sanctions on Russian oil imports

Posted

May 31, 2022

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The EU has waged an economic war against Russia after they agreed to ban 75% of oil imports from the country.

The oil embargo covers Russian exports brought in by sea, but has a temporary exception for imports delivered by pipeline to appease Hungary and other countries that are concerned about the economic impact of a full ban.

The banning of “75% of Russian oil imports to the EU will begin immediately and will rise to 90% by the end of next year,” the president of the European council has said.

#Russia #Ukraine #OilBan

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Ukraine War: EU ramps up sanctions on Russian oil imports · Sky News · Sentinel