Russian oil: EU agrees compromise deal on banning imports

Posted on AllSides May 31st, 2022
From The Center
World, EU, Crude Oil Ban, Russia

EU leaders say they will block most Russian oil imports by the end of 2022 to punish Moscow for invading Ukraine.

The EU-wide ban will affect oil that arrives by sea - around two-thirds of imports - but not pipeline oil, following opposition from Hungary.

Poland and Germany have also pledged to end pipeline imports, meaning a total of 90% of Russian oil will be blocked.

European Council chief Charles Michel said the deal cut off a huge source of financing for the Russian war machine.

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