Published 4 years ago • loading... • Updated 4 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.