EU leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc, EU Council President Charles Michel said.
“Tonight #EUCO agreed a sixth package of sanctions.
It will allow a ban on oil imports from #Russia.
The sanctions will immediately impact 75% of Russian oil imports. And by the end of the year, 90% of the Russian oil imported in Europe will be banned.” Charles Michel wrote on Twitter.
Tonight #EUCO agreed a sixth package of sanctions.
It will allow a ban on oil imports from #Russia.
The sanctions will immediately impact 75% of Russian oil imports. And by the end of the year, 90% of the Russian oil imported in Europe will be banned. pic.twitter.com/uVoVI519v8
— Charles Michel (@eucopresident) May 30, 2022
The leaders also agreed to cut off the largest Russian bank Sberbank from the SWIFT system and to ban three more Russian state-owned broadcasters, he added.
The European Union will continue to provide support to Ukraine with a view to addressing humanitarian, liquidity and reconstruction needs.
Since the beginning of the Russian aggression, the European Union has stepped up its support for Ukraine’s overall economic, social and financial resilience, including by providing humanitarian aid. In that regard, the European Council commends the results of the High-Level International Donors’ Conference co-hosted by Poland and Sweden.
The European Union and its Member States have provided protection to millions of refugees fleeing the war in Ukraine, and remain committed to welcoming and providing safety to them, including by helping neighbouring countries. The European Council invites the Commission to present new initiatives to support this effort within the Multiannual Financial Framework.
The European Union will continue to support the Ukrainian government in its urgent liquidity needs together with its G7 partners. It acknowledges the support announced in the G7 context. The European Union is ready to grant Ukraine new exceptional macro-financial assistance of up to EUR 9 billion in 2022. In this context, the European Council calls for the examination of the Commission proposal as soon as it is presented.
In a tweet EU Commission President Ursula von der Leyen said,I am glad that tonight leaders agreed in principle on the sixth sanctions package. This is an important step forward.
We also agreed to work on a mechanism to provide Ukraine with a new, exceptional macro-financial assistance package of up to €9 billion.
I am glad that tonight leaders agreed in principle on the sixth sanctions package. This is an important step forward.
We also agreed to work on a mechanism to provide Ukraine with a new, exceptional macro-financial assistance package of up to €9 billion. https://t.co/La3bZl6JNp
— Ursula von der Leyen (@vonderleyen) May 30, 2022
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