Agreement on oil embargo outline

At the extraordinary summit in Brussels, the EU heads of state and government agreed on the EU Commission’s compromise proposal for an oil embargo. The landlocked countries of Hungary, the Czech Republic, and Slovakia remain exempt for the time being and also pushed through guarantees should the Dushba pipeline be interrupted.

EU Council President Charles Michel announced the political agreement on the oil embargo via Twitter shortly before midnight. The import ban affects „two-thirds of oil imports from Russia“. With this, the EU is cutting an important source of revenue to finance the Russian war machine, Charles Michel later said, calling it a big step. „The EU is united,“ German Chancellor Olaf Scholz wrote on Twitter, „We have agreed on drastic sanctions against Russia.“

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