Michel: EU agrees on partial russian oil embargo and other sixth package sanctions

EU leaders agree on a partial ban on russian oil imports and other restrictions under the sixth anti-russian sanctions package

The President of the European Council, Charles Michel, and the President of the European Commission, Ursula von der Leyen, announced this on Twitter, announced this on Twitter.

According to Charles Michel, the European Union may ban the import of about 2/3 of russian oil, which it bought.

"This immediately covers more than 2/3 of oil imports from Russia, cutting a huge source of financing for its war machine," he said.

Michel called it "maximum pressure on russia to end the war."

In addition, the sixth package of sanctions will include:

• disconnection of the largest russian bank Sberbank from SWIFT,
• personal sanctions against those responsible for war crimes in Ukraine,
• ban on broadcasting three more russian state broadcasters in the EU.

For her part, Ursula von der Leyen said she welcomed the decision on the oil embargo, which would reduce oil imports from russia from the EU by about 90% by the end of the year.

The President of the European Commission also said that EU members "agreed to end dependence on russian gas, oil, and coal as soon as possible."

Von der Leyen noted that the plan to achieve this goal will include the following items:

• energy conservation;
• departure from russian fossil fuels;
• large investments in renewable energy sources;
• funding of €300 billion, most of which will go to the Economic Recovery Fund.