World

EU plans Russian oil ban by the end of the year in new package of sanctions over war in Ukraine

The European Union has announced plans to ban Russian oil by the end of the year as part of a sixth package of sanctions in response to the war in Ukraine.

European Commission President Ursula von der Leyen told the bloc’s parliament in Strasbourg that member states should cease to buy oil supplies within six months and associated products from Russia by the end of 2022.

The sanctions are yet to be formally approved by member states.

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