Brussels [Belgium]: The EU leaders, on the very first day of the summit in Brussels, accepted outlaw “more than 2/3rd” of Russian oil imports, European Council Head of state Charles Michel said on Tuesday.
” Contract to ban export of Russian oil to the EU. This quickly covers more than 2/3 of oil imports from Russia, reducing a big resource of financing for its battle maker. Maximum stress on Russia to end the war,” Michel tweeted. ” This sanctions plan includes other compelling measures: de-Swifting the biggest Russian bank Sberbank, prohibiting 3 even more Russian state-owned broadcasters, and approving individuals responsible for war crimes in #Ukraine,” he included.
European Compensation President Ursula von der Leyen stated the EU, after reaching an arrangement on a partial restriction on Russian oil, will cut oil imports from Russia by 90 per cent by the end of 2022.
” I welcome the EUCO contract tonight on oil permissions against Russia. This will successfully reduce about 90 per cent of oil imports from Russia to the EU by the end of the year,” von der Leyen claimed on Twitter.
In an additional tweet, European Council Head of state claimed EU leaders have expressed their preparedness to furthermore give 9 billion euros (USD 9.7 billion) in help to Ukraine.
” EUCO will certainly proceed aiding #Ukraine with its prompt liquidity requirements, together with @G7. EUCO is ready to give #Ukraine EUR 9 billion. Strong and concrete support to #Ukraine’s reconstruction,” Michel stated.
Earlier, Michel said EU leaders, on the first day of the summit in Brussels, agreed on a partial ban on oil imports from Russia.