Ukraine’s President, Volodymyr Zelenskyy, welcomes the European Union’s sixth package of Russian sanctions, but he chastises the EU for its tardiness. European leaders reached a fresh agreement on banning Russian oil imports, in which they will “essentially cut roughly 90% of Russian oil imports to the EU by the end of the year.” Sberbank, Russia’s … Read more
President of the European Council Charles Michel tweeted on Monday night that EU leaders had decided to prohibit “more than two-thirds” of Russian oil imports into the union, describing the action as “maximum pressure” on Russia to halt the crisis. Read more: European Council is ready to grant Ukraine 9 billion euros “Tonight #EUCO agreed … Read more
The G7 club of wealthy nations is “committed to phasing out or prohibiting the import of Russian oil,” according to the White House, increasing pressure on Russian President Vladimir Putin over the invasion of Ukraine. “This will hit hard at the main artery of Putin’s economy and deny him the revenue he needs to fund … Read more
European diplomats were embroiled in tense talks to agree on a fresh set of penalties against Russia, with Hungary opposing a ban on Russian oil imports, On Friday. Negotiators expect the talks to last through Sunday, but they continue to hope about reaching an agreement. Brussels wants to impose a sixth set of sanctions on … Read more
MOSCOW: Russia’s largest lender Sberbank said on Wednesday it was leaving the European market after coming under pressure from Western sanctions levelled against the state bank in response to Moscow’s invasion of Ukraine. “In the current environment, Sberbank has decided to withdraw from the European market,” the lender said in a statement carried by Russian news … Read more
