Published By: PM NEWS Editor
4th May, 2022
European Union countries will stop importing Russian oil and refined products, the head of the bloc’s executive European Commission Ursula von der Leyen said on Wednesday.
“We will phase out Russian supply of crude oil within six months and refined products by the end of the year,” she told the European Parliament, prompting applause from lawmakers.
“This will be a complete import ban on all Russian oil, seaborne and pipeline, crude and refined.”
“It will not be easy. Some member states are strongly dependent on Russian oil. But we simply have to work on it,” von der Leyen said of the proposal.
The ban will constitute EU’s sixth sanction on Russia for invading Ukraine.
It requires approval from all 27 EU countries to take effect.
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