EU 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:👇
Smoke rises in the city of Severodonetsk during heavy fighting between Ukrainian and Russian troops in eastern Ukrainian region of Donbass. European Union leaders have reached a compromise to impose a partial oil embargo on Russia at a summit focused on helping Ukraine with a long-delayed package of sanctions that was blocked by Hungary.
The watered-down embargo covers only Russian oil brought in by sea, allowing a temporary exemption for imports delivered by pipeline. EU Council President Charles Michel said on Twitter the agreement covers more than two-thirds of oil imports from Russia, "cutting a huge source of financing for its war machine. Maximum pressure on Russia to end the war."
European Union leaders agreed to send Ukraine $9.7 billion to support its economy in the face of Russia's assault, Michel announced.
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