BREAKING EU Agrees to Partial Ban on Russian Oil Imports A | N.S.A. (News|Stories|Analytics)

BREAKING

EU Agrees to Partial Ban on Russian Oil Imports

A sixth package of sanctions from Brussels will give exceptions to states like Hungary - but around 75% of the bloc will be hit with a ban on Russian crude. The embargo comes after weeks of deliberation, with EU Council President Charles Michel confirming a watered-down embargo which will grow to 90% by the end of 2022.

Hungary, which had previously blocked the sanctions, was exempted from the trade restrictions, its Prime Minister Viktor Orban said. “Hungarian families can sleep well,” he wrote on social media. The latest package of measures also excludes Sber, Russia’s largest bank, from the SWIFT financial messaging system. It also bans three more Russian broadcasters from the EU, and imposes further individual sanctions on Russian citizens