EU to propose phasing out Russian oil in new sanctions wave ...Kuwait

The EU will propose a phased out ban on Russian oil imports as part of a fresh round of sanctions against Russia for its invasion of Ukraine, sources said on Sunday. The European Commission, which draws up sanctions for the bloc, is currently preparing a text that could be put to the 27 member states as early as Wednesday, diplomats said. Several diplomats said the ban on oil was made possible after a U-turn by Germany, which had said the measure would do too much harm to its economy. EU foreign policy chief Josep Borrell said Russia was intensifying its attacks in Ukraine, making new sanctions "absolutely essential”. "We must use our economic and financial abilities

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Last updated : 02 May 2022 clock 12:56 AM

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EU to propose phasing out Russian oil in new sanctions wave ...Kuwait

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