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) $ 97,582.15 1.01%
ethereum
Ethereum (ETH) $ 3,364.24 0.21%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 250.63 2.54%
bnb
BNB (BNB) $ 663.54 0.21%
xrp
XRP (XRP) $ 1.40 8.65%
dogecoin
Dogecoin (DOGE) $ 0.418664 11.69%
usd-coin
USDC (USDC) $ 0.99959 0.04%
cardano
Cardano (ADA) $ 1.03 3.78%
staked-ether
Lido Staked Ether (STETH) $ 3,354.64 0.16%
tron
TRON (TRX) $ 0.210503 2.69%
stellar
Stellar (XLM) $ 0.561425 30.64%
avalanche-2
Avalanche (AVAX) $ 40.83 3.66%
the-open-network
Toncoin (TON) $ 6.14 7.71%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 7.32%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,003.99 0.75%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,270.06 1.14%
polkadot
Polkadot (DOT) $ 8.58 11.48%
chainlink
Chainlink (LINK) $ 16.99 1.44%
bitcoin-cash
Bitcoin Cash (BCH) $ 500.74 5.70%
weth
WETH (WETH) $ 3,372.82 0.39%
sui
Sui (SUI) $ 3.37 6.11%
pepe
Pepe (PEPE) $ 0.00002 8.50%
leo-token
LEO Token (LEO) $ 8.71 1.47%
near
NEAR Protocol (NEAR) $ 6.32 1.64%
litecoin
Litecoin (LTC) $ 97.85 4.40%
uniswap
Uniswap (UNI) $ 10.91 2.92%
aptos
Aptos (APT) $ 12.17 3.20%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,548.20 0.34%
hedera-hashgraph
Hedera (HBAR) $ 0.148372 0.29%
internet-computer
Internet Computer (ICP) $ 11.22 1.35%
usds
USDS (USDS) $ 0.999898 0.10%
crypto-com-chain
Cronos (CRO) $ 0.190673 0.15%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.553818 3.00%
ethereum-classic
Ethereum Classic (ETC) $ 28.55 3.17%
render-token
Render (RENDER) $ 7.79 0.33%
bittensor
Bittensor (TAO) $ 526.51 0.02%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.48 10.80%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
kaspa
Kaspa (KAS) $ 0.149747 4.86%
whitebit
WhiteBIT Coin (WBT) $ 24.56 0.23%
cosmos
Cosmos Hub (ATOM) $ 8.89 14.11%
dai
Dai (DAI) $ 0.998929 0.14%
arbitrum
Arbitrum (ARB) $ 0.843176 2.53%
vechain
VeChain (VET) $ 0.042218 3.06%
bonk
Bonk (BONK) $ 0.000045 12.50%
filecoin
Filecoin (FIL) $ 5.65 9.91%
mantra-dao
MANTRA (OM) $ 3.68 6.09%
okb
OKB (OKB) $ 53.71 5.32%
dogwifcoin
dogwifhat (WIF) $ 3.17 7.52%