European Union leaders have agreed to embargo most Russian oil imports into the bloc by year-end.
Ukrainian President Volodymyr Zelenskyy is seen on a screen, left, as addresses from Kyiv during an extraordinary meeting of EU leaders to discuss Ukraine, energy and food security at the Europa building in Brussels, Monday, May 30, 2022. European Union leaders will gather Monday in a fresh show of solidarity with Ukraine but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go to help the war-torn country.
Michel said leaders also agreed to provide Ukraine with a 9 billion-euro tranche of assistance to support the war-torn country's economy. It was unclear whether the money would come in grants or loans.Mikhail Ulyanov, Russia’s permanent representative to international organizations in Vienna, responded to the EU’s decision on Twitter, saying: “As she rightly said yesterday, Russia will find other importers.
“More than ever it’s important to show that we are able to be strong, that we are able to be firm, that we are able to be tough,” he added. Hungarian Prime minister Viktor Orban had made clear he could support the new sanctions only if his country’s oil supply security was guaranteed. Hungary gets more than 60% of its oil from Russia and depends on crude that comes through the Soviet-era Druzhba pipeline.Von der Leyen had played down the chances of a breakthrough at the summit.
He said the sanctions package must “be agreed on, it needs to be effective, including oil,” so that Moscow “feels the price for what it is doing against Ukraine" and the rest of Europe. Only then, Zelenskyy said, will Russia be forced to “start seeking peace.”
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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. The move is part of new sanctions on Russia worked out Monday at a summit focused on helping Ukraine with a long-delayed package of new financial support. The embargo covers Russian oil brought in by sea, allowing a temporary exemption for imports delivered by pipeline. That was crucial to bringing landlocked Hungary on board a decision that required consensus. EU Council President Charles Michel says the agreement covers more than two-thirds of oil imports from Russia, cutting a huge source of financing for its war machine.
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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…
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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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Live blog: EU leaders agree to impose partial embargo on Russian oilEU leaders back a ban on more than two-thirds of Russian oil imports, in a compromise deal with Hungary to punish Moscow for its military offensive in Ukraine – now in its 97th day Follow our live coverage:👇
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EU leaders agree on partial embargo on Russian oilThe watered-down embargo agreed on Monday covers only Russian oil brought in by sea, allowing a temporary exemption for imports delivered by pipeline.
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