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EU leaders agree "in principle" on Russia oil embargo - von der Leyen

Commodities
Published May 30, 2022 07:19PM ET Updated May 30, 2022 11:01PM ET
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© Reuters. European Commission President Ursula von der Leyen arrives for the European Union leaders summit, as EU's leaders attempt to agree on Russian oil sanctions in response to Russia's invasion of Ukraine, in Brussels, Belgium May 30, 2022. REUTERS/Johanna Ger

BRUSSELS (Reuters) - EU leaders have reached an agreement "in principle" on banning oil imports from Russia, European Commission chief Ursula von der Leyen said early on Tuesday.

"I am very glad that the leaders were able to agree in principle on the sixth sanctions package," she told reporters after the first day of an EU summit in Brussels.

"Council should now be able to finalise a ban on almost 90% of all Russian oil imports by the end of the year. This is an important step forward. On the remaining 10%, on these we will soon return to the issue of these remaining 10% of pipeline oil," she added.

EU leaders agree "in principle" on Russia oil embargo - von der Leyen
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Comments (3)
Mart Bab
Rubberduck1973 May 31, 2022 1:14AM ET
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Finally some backbone by EU. Russia can find new sponsors for their murderous apparatus. Other less and sometimes poorer countries can sell gas and oil to the EU. And the EU can finally hyper speed up their sustainable energy development and by doing so, reduce independence on mafia like states. As it should have been done in the past.
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Mart Bab
Rubberduck1973 May 31, 2022 1:14AM ET
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And yes, a painful transition. But you simply can not by oil from the mafia and then condemn their practices.
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Eric Malm
Eric Malm May 30, 2022 11:31PM ET
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Lets hope that the Russians answer with a gas blockade and redirects it to china and India. German industry is doomed if this happens.
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Merideth Cohen
Merideth Cohen May 30, 2022 11:31PM ET
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Why would you hope for something that dooms German industry and helps China?
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Oleksii Trugov
Oleksii Trugov May 30, 2022 11:31PM ET
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Another Putin's 🐔 ucker. I won't be surprised if this guy is from Germany or Hungary somewhere.
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frankie cheah
frankie cheah May 30, 2022 8:19PM ET
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It will ends up the entire European countries to solely rely on US without considering their own people stakes.
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Thomas Phantom
Thomas Phantom May 30, 2022 8:19PM ET
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loool
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Oleksii Trugov
Oleksii Trugov May 30, 2022 8:19PM ET
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Oh yeah and relying on Russia, constantly blackmailing Europe with gas, has been so much better...
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