EU to cut 90% of Russian crude imports, gives relief to Hungary
The Times of India Mumbai|June 01, 2022
It Is Toughest Sanction Yet On Russia For Ukraine War, And Will Hit Bloc Too
EU to cut 90% of Russian crude imports, gives relief to Hungary

Brussels: European Union leaders have agreed an embargo on Russian oil imports that will kick in around the turn of the year and for now exempts the pipeline imports that Hungary and two other landlocked Central European states rely on. The ban, agreed overnight after weeks of wrangling, aims to remove 90% of Russia's crude imports into the 27-nation bloc within eight months or so, officials said. It is the toughest sanction yet on Russia for its invasion of Ukraine, and one that will affect the EU itself.

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