© Reuters. FILE PHOTO – European Council President Charles Michel speaks during a joint news conference with Sweden’s Prime Minister Magdalena Andersson (not seen) in Stockholm, Sweden May 25, 2022. TT News Agency/Fredrik Sandberg via REUTERS
BRUSSELS (Reuters) – EU leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc, EU Council President Charles Michel said.
“This immediately covers more than two thirds of oil imports from Russia, cutting a huge source of financing for its war machine,” Michel wrote on Twitter (NYSE:TWTR).
The leaders also agreed to cut off the largest Russian bank Sberbank from the SWIFT system and to ban three more Russian state-owned broadcasters, he added.