The bloc has overcome objections to a long-stalled plan to impose an oil embargo on Russia. The EU has also agreed to remove Sberbank from the SWIFT payment system.The 27 EU members agreed a new sanctions package late on Monday covering more than two-thirds of Russian oil imports to the bloc, European Council President Charles Michel announced.
Michel said on Twitter the arrangement covers more than two-thirds of oil imports from Russia, “cutting a huge source of financing for its war machine. Maximum pressure on Russia to end the war.”
The bloc also agreed on removing Sberbank from the SWIFT international payment system. Sberbank is Russia’s largest bank and is majority state-owned.
