Ursula von der Leyen 
World

EU chief proposes "phasing out Russian oil in orderly fashion"

The EU chief said the block would ask its 27 member states to deny Sberbank, Russia's biggest bank, access to SWIFT, the global banking communications system.

AFP

STRASBOURG: European Commission president Ursula von der Leyen on Wednesday said the EU would impose a gradual Russian oil ban in retaliation for the war in Ukraine.

"We will make sure that we phase out Russian oil in an orderly fashion," von der Leyen said in a speech to the European Parliament in Strasbourg as she presented a sixth package of sanctions against Moscow to deny funding to the war effort against Ukraine.

Von der Leyen also said the EU would ask that the bloc's 27 member states to deny Sberbank, Russia's biggest bank, access to SWIFT, the global banking communications system.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Also Read

IAEA says Iran's Natanz nuclear site suffered some damage, no radiological consequence expected

We attacked because Iran's nuclear programme would have been 'immune within months': Netanyahu

US Embassy in Saudi Arabia hit by Iranian drones as Israeli military ramps up operations in Lebanon

Summer incentive of Rs 2,000 extended to beneficiaries of the State’s monthly pension schemes, says CM Stalin

Vijay to unveil TVK manifesto on Women’s Day; focus on women, workers and welfare