The European Union imports 60 percent of its crude oil from Russia. If this is banned, Russia will face a huge loss of revenue.
Paris:
It has been more than 2 months since Russia launched its war on Ukraine. The European Union has already imposed sanctions on Russia over the war.
The European Union has imposed a ban on coal imports from Russia.
Following this, it has decided to ban the import of crude oil. EU Vice President Urdala Londer Lane said:
The plan for 6 new sanctions on Russia is about to be implemented.
Imports of crude oil from Russia will be phased out if EU member states agree.
Imports of crude oil will be completely stopped by the end of this year. Thus action will be taken to make alternative arrangements.
It is also proposed to disconnect 3 major Russian banks from the Swift merger, an international money transfer body.
Thus he has stated.
The European Union imports 60 percent of its crude oil from Russia. If this is banned, Russia will face a huge loss of revenue.
At the same time, it is unknown at this time what he will do after leaving the post.
https://www.youtube.com/watch?v=videoseries