EU plans to ban oil imports from Russia by the end of 2022

·

The European Commission on Wednesday proposed the toughest package of sanctions yet against Moscow for its war in Ukraine, Ekathimerini reports.

The new punishments were announced by Commission President Ursula von der Leyen, and included sanctions on Russia’s top bank and a ban on Russian broadcasters from European airwaves, as well as the embargo on crude oil in six months.

READ MORE: Greece to speed up gas exploration to cut reliance on Russia.

“Putin must pay a high price for his brutal aggression,” von der Leyen said. 

“Let’s be clear: it will not be easy, but we simply have to work on it. We will make sure that we phase out Russian oil in an orderly fashion to maximise pressure on Russia while minimising the impact on our economies.”

EU plans to ban oil imports from Russia by the end of 2022.

There wasn’t unanimous agreement amongst the EU bloc however, with a handful of eastern EU countries such as Hungary and Slovakia concerned that the halt would not allow them enough time to adapt.

Ultimately, is this plan is agreed, the embargo would echo the actions of the United States and Britain, which have already imposed bans to cut one of the largest income streams to the Russian economy.

Source: Ekathimerini.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Greek Foreign Minister meets Libyan Commander Haftar in Benghazi

Greek Foreign Minister Giorgos Gerapetritis met with General Khalifa Haftar, commander of the Libyan National Army, in Benghazi.

Eric Brown’s viral Epiphany memory unites Greek and First Nations communities

The social media video of Bidjigal Gundungarra Dharawal man, Eric Brown, has captured the hearts of thousands of Greek Australians.

Greek-owned ship attacked and abandoned in Red Sea amid Houthi escalation

Crew members of a Liberian-flagged, Greek-owned bulk carrier, Magic Seas, were forced to abandon ship in the Red Sea.

Victorian government launches Anti-Hate Taskforce after wave of antisemitic attacks

A man has been charged in connection with an alleged arson attack on a historic synagogue in East Melbourne.

Summer soundtrack: The ultimate guide to Greek concerts and festivals in 2025

Wherever you are in the country, The Greek Herald has the inside scoop on must-see performances to catch during your summer escape.

You May Also Like

Greek Community of Melbourne to host family weekend at Melbourne Museum

The Greek Community of Melbourne (GCM) is organizing a program of music, dance, food and Hoplites on Saturday 28th and Sunday 29th May.

Prepare to be amazed when series four of ‘My Greek Odyssey’ hits TV screens this month

The team from My Greek Odyssey have announced that series four of this visual and historic feast will be served up on 7TWO, commencing Sunday, May 30 at 3pm.

Greeks sing Mikis Theodorakis songs in solidarity with Turkey and Syria

A Greek children's choir have sung songs by Mikis Theodorakis in solidarity with children in Turkey and Syria.