Published 2 years ago

What you should know about the EU plan to ban Russian oil imports

Summary by Ground News

The European Commission announced plans for a phased ban on all Russian oil by the end of the year. Russia is the world's second-largest crude oil exporter and Europe is hugely reliant on Russian oil, gas and coal. The commission has also proposed to the 27 EU member countries disconnecting Sberbank, Russia's largest bank, from the SWIFT international banking payment system.

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TASS [🇷🇺-affiliated]

EU to continue talks on Russian oil import ban on May 5

Earlier, the EC announced the sixth package of sanctions on Russia, which comprises a deferred ban on crude oil and petroleum products export to the EU

2 years ago·Moscow, Russian Federation

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Al Jazeera

What you should know about the EU plan to ban Russian oil imports

The European Commission has proposed a plan to phase out imports of Russian crude and refined oil.

2 years ago·Qatar

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Observador

Hungary rejects proposed EU embargo on Russian oil

Hungary has rejected the proposed European Union (EU) embargo on Russian oil under the terms suggested by the European Commission, stating that it jeopardizes the country's energy security.

2 years ago·Portugal

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Bloomberg Quint

EU Import Ban Could Knock Another 10% Off Russia’s Oil Output

(Bloomberg) -- The European Union’s proposal to ban imports of Russian oil could knock another 10% off the country’s production by year-end, doubling the supply loss that has already resulted from the invasion of Ukraine. Continue Reading. Read more on Markets by BloombergQuint.

2 years ago·Mumbai, India

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