“Agreement to ban Russian oil exports to the EU. That immediately covers more than two-thirds of Russia’s oil imports, cutting a huge source of funding for its military machine, “Michelle tweeted Monday night.
“This package of sanctions includes other tough measures: the abolition of Russia’s largest bank, Sberbank, the banning of three other Russian state-owned operators and the sanctioning of those responsible for war crimes in Ukraine,” Michel added.
The EU has agreed to ban 90 percent of Russian oil imports by the end of the year, European Council leaders said.
Russian oil delivered by tankers will be banned while an exception is made for the southern segment of the Druzhba gas pipeline. said Ursula von der Leyen, President of the European Commission, at a press conference. The northern segment of the pipeline serves Poland and Germany, which have agreed to the embargo. The southern part goes to Hungary, Slovakia and the Czech Republic.
Von der Layen said an exception would be made for the southern segment, which accounts for 10% of Russian oil imports.
“Because we have a clear political statement from Poland and Germany that they, like the others, will stop Russian oil by the end of the year. We have covered a total of 90 percent of Russian oil, which is discontinued during this period. is the circular 10 or 11 percent, which is covered by the southern Druzhba. We agreed on an exception at the moment, “von der Layen said.
EU leaders will meet again in Brussels on Tuesday to discuss the bloc’s response to Russia’s invasion of Ukraine.
Officials first offered to join the United States and others in banning Russian oil a month ago as part of the sixth package of EU sanctions over the country’s invasion of Ukraine. But the agreement has been backed by some countries, such as Hungary, which rely heavily on Russian crude oil delivered through pipelines.
An EU spokesman told CNN that a ban on all marine oil would cover more than two-thirds of Russia’s imports.
Europe is the largest buyer of Russian energy. Russian crude oil accounts for 27% of the bloc’s imports in 2021, according to Eurostat. That’s about 2.4 million barrels a day, according to the International Energy Agency. About 35% of this was piped to the unit, according to the IEA.
But pipeline supplies account for a much larger share of Russian oil supplies to Hungary (86%), the Czech Republic (97%) and Slovakia (100%).
– Anna Kuban of CNN, James Frater, Mitchell McCluskey and Hira Humayun contributed to this report
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