EU agrees Russia oil embargo, gives Hungary exemptions; Zelenskiy vows more sanctions

Published by
Reuters

By Kate Abnett, Jan Strupczewski and Ingrid Melander BRUSSELS (Reuters) -European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by end-2022, but Hungary and two other landlocked Central European states secured exemptions for the pipeline imports they rely on. The ban, agreed overnight after weeks of wrangling, aims to halt 90% of Russia’s crude imports into the 27-nation bloc by year-end. It is the toughest sanction yet on Russia for its invasion of Ukraine, and one that will itself affect the EU, where energy prices have spiked and inflation is r…

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