EU announces details of sanctions against Russian oil

Chia sẻ

(VOVWORLD) -The European Union’s sanctions against seaborne imports of Russian oil will be imposed with a phase-in period of six months for crude oil and eight months for refined products, a European Commission spokesperson said on Tuesday.

EU announces details of sanctions against Russian oil - ảnh 1Worker checks the water supply system at the Danube refinery of Hungarian oil company MOL in the town of Szazhalombatta, 30km south of Budapest. (Photo: AFP/VNA)

That timeline will kick in once the sanctions are formally adopted, with EU ambassadors aiming to adopt them this week. EU leaders on Monday, after resolving a deadlock in negotiations with Hungary, agreed in principle to the sanctions, which will cut 90% of oil imports from Russia by the end of this year.

Currently, more than 60% of the Russian oil that the EU imports is transported by sea, with about 30% arriving through the Druzhba pipeline. The oil embargo will be applied only to the sea-transported oil.