EU leaders agree to partial embargo of Russian oil imports

The European Union has agreed to a partial embargo on Russian oil after late-night talks at a summit in Brussels.

The president of the European Council, Charles Michel, hailed the deal as a "remarkable achievement," after tweeting on Monday night that it "immediately covers more than two-thirds of oil imports from Russia, cutting a huge source of financing for its war machine."

He added that the package also included removing access to Swift payments for Russia’s largest bank, Sberbank; banning three more Russian state-owned broadcasters; and further sanctions against "individuals responsible for war crimes in Ukraine."