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EU leaders agree to ban export of Russian oil to the bloc - EU's Michel

Stock Markets May 30, 2022 06:21PM ET
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© Reuters. FILE PHOTO - European Council President Charles Michel speaks during a joint news conference with Sweden's Prime Minister Magdalena Andersson (not seen) in Stockholm, Sweden May 25, 2022. TT News Agency/Fredrik Sandberg via REUTERS
 
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BRUSSELS (Reuters) - EU leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc, EU Council President Charles Michel said.

"This immediately covers more than two thirds of oil imports from Russia, cutting a huge source of financing for its war machine," Michel wrote on Twitter (NYSE:TWTR).

The leaders also agreed to cut off the largest Russian bank Sberbank from the SWIFT system and to ban three more Russian state-owned broadcasters, he added.

EU leaders agree to ban export of Russian oil to the bloc - EU's Michel
 

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Comments (10)
Oleksii Trugov
Oleksii Trugov May 31, 2022 3:16AM ET
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LMAO at all those Russian crybabies in the comments.
Baer Markit
Baer Markit May 30, 2022 7:10PM ET
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f putin.. he's done
Ronald Warren
Ronald Warren May 30, 2022 7:08PM ET
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The Melt Down of the United States has just been catapulted into overload ! I thought we had until Sept for the crash to manifest itself. Now it could happen tomorrow.
John Wim
John Wim May 30, 2022 7:03PM ET
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Self inflicted stupidity
Oleksii Trugov
Oleksii Trugov May 30, 2022 7:03PM ET
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It may be painful for EU's economy for a while, but in the long run it's for the better.
Oleksii Trugov
Oleksii Trugov May 30, 2022 7:03PM ET
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And more safe. Russia has proved to be an unreliable oil provider.
Ze Cap
Ze Cap May 30, 2022 6:59PM ET
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More inflation in Europe?
Pankaj Banskar
Pankaj Banskar May 30, 2022 6:49PM ET
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Lmao and that happens
Pankaj Banskar
Pankaj Banskar May 30, 2022 6:49PM ET
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Lmao and that happens
Chee kong Thien
Chee kong Thien May 30, 2022 6:47PM ET
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who got the most benefit? EU leaders ask yourself?
Chee kong Thien
Chee kong Thien May 30, 2022 6:45PM ET
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brainless EU leaders. Who got the most benefit?
Keith Wilson
Keith Wilson May 30, 2022 6:39PM ET
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Oil is going to $200 a barrell. Gotta love Joe lol
 
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