EU releases sixth round of sanctions against Russia: complete ban on Russian oil imports within 6 months
By 5 May,2022
The European Commission reportedly proposed its latest sanctions against Russia on Wednesday, including a six-month phase-in of crude oil imports from Russia.
The ongoing standoff in the Russia-Ukraine conflict has prompted the EU to take bolder measures on energy sanctions this time. But reducing or completely cutting off Russia's supply of energy to the EU has always been a complex task for the EU. That's because the region relies on Russia for a variety of energy sources, including oil. According to Eurostat, Russia will import about 25 percent of the EU's crude oil purchases in 2020.
"Let's be clear:It's not easy," European Commission President Ursula von der Leyen said in a speech to the European Parliament on Wednesday.
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