Monday, 4 July, 2022
HomeWorld‘Won’t be easy, but have to work on it,’ EU proposes ban...

‘Won’t be easy, but have to work on it,’ EU proposes ban on Russian oil

As part of its sixth package of sanctions, the EU will also de-swift 3 Russian banks, and ban 3 state broadcasters.

Text Size:

New Delhi: The European Union has proposed a ban on Russian oil as part of its sixth round of sanctions on the country for its invasion of Ukraine.

President of the European Commission Ursula von der Leyen tweeted: “Finally, we now propose a ban on Russian oil. Let’s be clear: it will not be easy. But we simply have to work on it. We will make sure that we phase out Russian oil in an orderly fashion. To maximise pressure on Russia, while minimising the impact on our economies.”

Von der Leyen was speaking at the European Parliament during a discussion on the next package of sanctions against Russia.

 The EU chief also said they would list “high-ranking military officers and other individuals who committed war crimes in Bucha. We know who you are. And you will be held accountable.

 She added: “Second, we de-swift Sberbank – by far Russia’s largest bank – and two other major banks.

 “Third, we are banning three big Russian state-owned broadcasters from our airwaves, that amplify Putin’s lies and propaganda aggressively.

Von der Leyen said the West wanted Ukraine to win this war. “Yet so much has to be rebuilt. That is why I am proposing to start working on an ambitious recovery package for our Ukrainian friends. This package should bring massive investment to meet the needs and the necessary reforms.

Also read: India’s heatwaves testing limits of human survival as climate becomes core threat to health


Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

Most Popular