EU chief proposes 'orderly' Russian oil import ban

Agence France-Presse

Posted at May 04 2022 04:06 PM

European Commission President Ursula von der Leyen  EPA-EFE
European Commission President Ursula von der Leyen delivers a speech on the social and economic consequences of the Russian invasion of Ukraine for the European Union (EU), at the European Parliament in Strasbourg, France, 04 May 2022. Julien Warnand, EPA-EFE

STRASBOURG, France - European Commission president Ursula von der Leyen on Wednesday said the EU would impose a gradual Russian oil ban in retaliation for the war in Ukraine.

"We will make sure that we phase out Russian oil in an orderly fashion," von der Leyen said in a speech to the European Parliament in Strasbourg as she presented a sixth package of sanctions against Moscow to deny funding to the war effort against Ukraine. 

Von der Leyen also said the EU would ask that the bloc's 27 member states to deny Sberbank, Russia's biggest bank, access to SWIFT, the global banking communications system.

More details to follow. 


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