Commodities and Futures News

EU chief proposes Russian oil ban over war in Ukraine

2022.05.04 10:26

3/3
EU chief proposes Russian oil ban over war in Ukraine
FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, March 24, 2021. REUTERS/Yves Herman

2/3

STRASBOURG (Reuters) – European Union countries will stop importing Russian oil and refined products, the head of the bloc’s executive European Commission said on Wednesday in proposing a sixth round of sanctions against Moscow for waging a war on Ukraine.

“We will phase out Russian supply of crude oil within six months and refined products by the end of the year,” Ursula von der Leyen told the European Parliament, prompting applause from lawmakers. “This will be a complete import ban on all Russian oil, seaborne and pipeline, crude and refined.”

“It will not be easy. Some member states are strongly dependent on Russian oil. But we simply have to work on it,” von der Leyen said of the proposal, which requires approval from all 27 EU countires to take effect.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 104,102.89 0.01%
ethereum
Ethereum (ETH) $ 2,519.21 0.82%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.40 0.36%
bnb
BNB (BNB) $ 655.74 1.13%
solana
Solana (SOL) $ 174.67 0.86%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.237993 0.87%
cardano
Cardano (ADA) $ 0.818296 0.11%
tron
TRON (TRX) $ 0.267379 0.16%
staked-ether
Lido Staked Ether (STETH) $ 2,517.00 0.78%
sui
Sui (SUI) $ 4.05 0.65%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,874.83 0.13%
chainlink
Chainlink (LINK) $ 17.13 1.12%
avalanche-2
Avalanche (AVAX) $ 25.11 1.10%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,023.93 0.71%
stellar
Stellar (XLM) $ 0.312175 0.30%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 0.48%
hedera-hashgraph
Hedera (HBAR) $ 0.208788 2.28%
pi-network
Pi Network (PI) $ 1.24 30.87%
the-open-network
Toncoin (TON) $ 3.46 0.98%
hyperliquid
Hyperliquid (HYPE) $ 24.67 2.60%
bitcoin-cash
Bitcoin Cash (BCH) $ 409.87 1.92%
usds
USDS (USDS) $ 1.00 0.01%
polkadot
Polkadot (DOT) $ 5.14 0.14%
leo-token
LEO Token (LEO) $ 8.39 1.04%
litecoin
Litecoin (LTC) $ 101.04 3.43%
weth
WETH (WETH) $ 2,519.81 0.78%
monero
Monero (XMR) $ 336.43 3.55%
pepe
Pepe (PEPE) $ 0.000014 10.21%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,683.69 0.98%
bitget-token
Bitget Token (BGB) $ 4.87 2.53%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.15%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 104,070.88 0.01%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
whitebit
WhiteBIT Coin (WBT) $ 30.16 0.19%
uniswap
Uniswap (UNI) $ 7.02 3.74%
bittensor
Bittensor (TAO) $ 473.25 4.07%
near
NEAR Protocol (NEAR) $ 3.18 3.97%
aptos
Aptos (APT) $ 5.96 3.75%
dai
Dai (DAI) $ 0.999937 0.04%
ondo-finance
Ondo (ONDO) $ 1.06 0.21%
aave
Aave (AAVE) $ 221.30 1.38%
okb
OKB (OKB) $ 55.26 0.61%
kaspa
Kaspa (KAS) $ 0.124287 16.64%
internet-computer
Internet Computer (ICP) $ 5.81 1.16%
ethereum-classic
Ethereum Classic (ETC) $ 20.15 0.78%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
susds
sUSDS (SUSDS) $ 1.05 0.00%
crypto-com-chain
Cronos (CRO) $ 0.098966 3.90%