EU proposes gradual ban on Russian oil in sanctions against Moscow
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Ursula von der Leyen, President of European Commission, speaks at a press conference with Josep Borrell (High Representative of European Union for Foreign Affairs and Security Policy), after Russia launched an extensive military operation against Ukraine in Brussels, Belgium on February 27, 2022.
Stephanie Lecocq | Reuters
The European Commission, the executive arm of the EU, on Wednesday put forward new sanctions against the Kremlin which will include a six-month phase out of Russian crude imports.
The EU has taken bolder energy sanctions measures after Russia’s invasion of Ukraine without any warning and the evidence of war crimes. The EU has had to take difficult measures in order to reduce or eliminate Russian energy supply.
The reason is that the entire region relies on Russia to obtain its energy supplies, which includes oil. According to the report, 25% of crude oil purchases by the bloc were made from Russian imports in 2020. region’s statistics office.
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