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EU leader calls for Russian oil ban in new set of sanctions

EU leader calls for Russian oil ban in new set of sanctions

ABC News
Wednesday, May 04, 2022 07:44:15 AM UTC

The European Union’s leader has called on the 27-nation bloc to ban oil imports from Russia in a sixth package of sanctions targeting Moscow for its war in Ukraine

BRUSSELS -- The European Union's top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country’s biggest bank and major broadcasters in a sixth package of sanctions against Moscow for its war in Ukraine.

European Commission president Ursula von der Leyen, addressing the European Parliament in Strasbourg, France, proposed to EU's member nations to phase out imports of crude oil within six months and refined products by the end of the year.

“We will make sure that we phase out Russian oil in an orderly fashion, in a way that allows us and our partners to secure alternative supply routes and minimizes the impact on global markets,” von der Leyen said.

The proposals need to be unanimously approved to take effect and are likely to be the subject of fierce debate. Von der Leyen conceded that getting all 27 member countries — some of them landlocked and highly dependent on Russia for energy supplies — to agree on oil sanctions “will not be easy.”

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