CNN

EU agrees on partial ban of Russian oil imports

May 30, 2022, 7:22 PM
The facilities of the oil refinery on the industrial site of PCK-Raffinerie GmbH are illuminated in...
The facilities of the oil refinery on the industrial site of PCK-Raffinerie GmbH are illuminated in the evening. Crude oil from Russia arrives at the oil refinery via the "Friendship" pipeline. The Russian energy company Rosneft took over a large part of the refinery last year. Rosneft is Russia's largest oil producer. According to its own information, the plant in the Uckermark region processes 12 million tons of crude oil annually, making it one of the largest processing sites in Germany.

(CNN) — The European Union has agreed on a partial ban on Russian oil imports, according to European Council chief Charles Michel.

“Agreement to ban export of Russian oil to the EU. This immediately covers more than 2/3 of oil imports from Russia, cutting a huge source of financing for its war machine,” Michel announced in a tweet on Monday evening.

Michel’s announcement followed an extraordinary European Council summit attended by EU leaders in Brussels on Monday to discuss a sixth package of sanctions against Russia.

“This sanctions package includes other hard-hitting measures: de-Swifting the largest Russian bank Sberbank, banning 3 more Russian state-owned broadcasters, and sanctioning individuals responsible for war crimes in Ukraine,” Michel added.

EU leaders will meet again in Brussels on Tuesday to discuss the bloc’s response to Russia’s invasion of Ukraine.

Officials first proposed joining the US and others in banning Russia’s oil a month ago as part of a sixth package of EU sanctions over the country’s invasion of Ukraine. But an agreement has been held up by some countries, like Hungary, that are particularly reliant on Russian crude delivered via pipeline.

An EU official told CNN earlier that banning all seaborne oil would cover more than two-thirds of imports from Russia.

Europe is the biggest buyer of Russian energy. Russian crude accounted for 27% of the bloc’s imports in 2021, according to Eurostat. That’s around 2.4 million barrels per day, data from the International Energy Agency shows. About 35% of that was delivered via pipelines to the bloc, according to the IEA.

But pipeline deliveries made up a much bigger share of Russian oil shipments to Hungary (86%), the Czech Republic (97%) and Slovakia (100%).

Today’s Top Stories

CNN

President Joe Biden. He will visit Israel and Saudi Arabia in July....
Donald Judd, CNN

Biden signs bipartisan gun safety bill into law: ‘God willing, it’s going to save a lot of lives’

President Joe Biden on Saturday signed into law the first major federal gun safety legislation passed in decades, marking a significant bipartisan breakthrough on one of the most contentious policy issues in Washington.
14 hours ago
Bodycam footage from the Moab Police Department that shows them talking with Brian Laundrie is seen...
Jamiel Lynch and Chenelle Woody, CNN

Lawyer releases pages from Brian Laundrie’s notebook in which he admits to killing Gabby Petito

Eight pages of Brian Laundrie's notebook were released Friday by the Laundrie family attorney. The notebook was found near Brian Laundrie's remains.
2 days ago
The Senate is poised to take a critical vote to advance a major bipartisan gun safety bill toward f...
Clare Foran, Ali Zaslav, Lauren Fox and Ted Barrett, CNN

Senate passes first major federal gun safety legislation in decades

In the first gun safety legislation in decades, the Senate passed bipartisan bill focused on gun violence.
3 days ago
Petito lawsuit...
Maria Cartaya, CNN

A Florida judge is expected to make a decision in coming weeks on a lawsuit by Gabby Petito’s parents

Petito, whose disappearance last summer gripped the nation, was found dead in Wyoming after embarking on a cross-country trip with Laundrie, her fiance.
3 days ago
Senator Chris Murphy, a Democrat from Connecticut, speaks on June 30, 2020. A group of senators rel...
Clare Foran, Lauren Fox and Ali Zaslav, CNN

Senators unveil long-awaited text for bipartisan gun safety legislation

Text for a bipartisan piece of gun safety legislation was released Tuesday by a group of senators.
5 days ago
FILE - A vial of the Phase 3 Novavax coronavirus vaccine is seen ready for use in the trial at St. ...
Jacqueline Howard, CNN

CDC recommends Covid-19 vaccines for children as young as 6 months

US Centers for Disease Control and Prevention Director Dr. Rochelle Walensky signed off on Covid-19 vaccinations for children under five on Saturday, clearing the way for vaccinations to be administered soon.
8 days ago

Sponsored Articles

Tax Harassment...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
Prescription opioids can be disposed of during National Prescription Take Back Day...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
Follow @ikeyospe...

Tax Tuesday: The Most Common Mistakes People Make When Filing Their Taxes

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
Follow @ikeyospe...

Tax Tuesday: How will last year’s child tax credits affect you?

Fortunately, for most average earners, they will not end up owing overpayments received for the Child Tax Credit in 2021.
EU agrees on partial ban of Russian oil imports