World

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.

Articles You May Like

Russia should have invaded Ukraine ‘earlier’ says Putin – as he addresses possible peace talks
Surprisingly low retail sales in key Christmas shopping month – official figures
Jim Cramer addresses Nvidia’s recent 14% decline and what he’s doing with the stock
Victims of second Post Office accounting software scandal ‘to be offered compensation’
Do Atoms Really Touch? Science Explains Their Complex Interactions