EU leader calls for Russian oil ban in new set of sanctions

BRUSSELS
May 04, 2022, 01:05 PM
by AP/UNB

UNB News
BRUSSELS
Publish- May 04, 2022, 01:05 PM
AP/UNB

EU leader calls for Russian oil ban in new set of sanctions

European Commission President Ursula von der Leyen delivers a statement at EU headquarters in Brussels, Wednesday, April 27, 2022. Russia opened a new front in its war in Ukraine on Wednesday, cutting two European Union nations that staunchly back Kyiv off from its gas, a dramatic escalation in the conflict that is increasingly becoming a wider battle with the West. (Olivier Hoslet, Pool Photo via AP)

The European Union's leader on Wednesday called on the 27-nation bloc to ban oil imports from Russia in a sixth package of sanctions targeting Moscow for its war in Ukraine.

European Commission President Ursula von der Leyen also proposed that Sberbank, Russia’s largest bank, and two other major banks be disconnected from the SWIFT international banking payment system.

Also read: EU energy ministers meet to discuss Russian gas, sanctions

Von der Leyen, addressing the European Parliament in Strasbourg, France, called on the EU's member nations to phase out imports of crude oil within six months and refined products by the end of the year.

“We will make sure that we phase out Russian oil in an orderly fashion, in a way that allows us and our partners to secure alternative supply routes and minimizes the impact on global markets,” von der Leyen said.

Also read: Japan, Switzerland agree to keep tough sanctions on Russia

The proposals need to be unanimously approved to take effect and are likely to be the subject of fierce debate. Von der Leyen conceded that getting all 27 member countries — some of them landlocked and highly dependent on Russia for energy supplies — to agree on oil sanctions “will not be easy.”