EU leaders agree to ban export of Russian oil to the bloc - EU's Michel
Reuters
Published May 30, 2022 06:13PM ET
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.
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Written By: Reuters
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