BRUSSELS – The European Union’s top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia in a sixth package of sanctions targeting Moscow for its war in Ukraine.
European Commission President Ursula von der Leyen also proposed that Sberbank, Russia´s largest bank, and two other major banks be disconnected from the SWIFT international banking payment system.
Von der Leyen, addressing the European Parliament in Strasbourg, France, called on the EU’s member nations to phase out imports of crude oil within six months and refined products by the end of the year.
“We will make sure that we phase out Russian oil in an orderly fashion, in a way that allows us and our partners to secure alternative supply routes and minimizes the impact on global markets,” von der Leyen said according to AP.
The proposals need to be unanimously approved to take effect and are likely to be the subject of fierce debate. Von der Leyen conceded that getting all 27 member countries – some of them landlocked and highly dependent on Russia for energy supplies – to agree on oil sanctions “will not be easy.”
If approved, the ban on oil imports will be the second package of EU sanctions targeting Russia´s lucrative energy industry over its war in Ukraine that President Vladimir Putin started on Feb. 24. In addition to sanctions on various entities and individuals – including Putin himself and members of his family – the bloc previously approved an embargo on coal imports.
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