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EU to propose new Russia sanctions including oil embargo

Headlines 12:57 04 May, 2022

EU to propose new Russia sanctions including oil embargo

EU to propose new Russia sanctions including oil embargo

European Commission chief Ursula von der Leyen is due to give details to the European Parliament in the next few minutes of proposals for a sixth round of sanctions on Russia, Qazet.az reports.

The highlight of the proposals is expected to be a phased embargo on imports of Russian oil. Reports say the EU's 27 member states could be given six months to wean themselves off Russian crude oil and eight months for related products.

Two states, Hungary and Slovakia, are likely to be exempt from the phase-out plan because of their reliance on Russian oil.