EU leaders agreed on a partial ban on oil imports from Russia and allocation of € 9 billion to Ukraine – the President of the European Council
The leaders of the European Union agreed on a partial ban on oil imports from the aggressor state of the Russian Federation and the allocation of another 9 billion euros to Ukraine for macro-financial assistance.
The President of the European Council, Charles Michel, announced this decision made at the special EU summit on his Twitter page.
– The European Council will continue to help Ukraine solve its urgent liquidity needs. Together with the G7, the EU is ready to provide Ukraine with 9 billion euros. Strong and concrete support for the reconstruction of Ukraine.
Agreement on banning Russian oil exports to the EU. This immediately covers more than two-thirds of Russia’s oil imports, cutting a huge funding source for its military machine. Maximum pressure on Russia to end the war, – said Michel.
The President of the European Council said that this package of sanctions covers other hard-hitting measures. In particular, the largest Russian bank, Sberbank, will be disconnected from the international interbank transfer and payment system Swift.
– I welcome the EUCO agreement tonight on oil sanctions against Russia. This will effectively cut around 90% of oil imports from Russia to the EU by the end of the year, – said European Commission President Ursula von der Leyen.
Three more Russian state broadcasters were banned, and sanctions against those responsible for war crimes in Ukraine will be imposed.
