EU confirms plans to impose ban on Russian oil

4 May, 02:28 PM
Ursula von der Leyen (Photo:John Thys/Pool via REUTERS/File Photo)

Ursula von der Leyen (Photo:John Thys/Pool via REUTERS/File Photo)

The European Union plans to impose a ban on Russian oil and remove Russia's largest bank Sberbank from the SWIFT global financial payment system under a sixth package of sanctions, imposed against the country for its unprovoked war against Ukraine, Ursula von der Leyen, the President of the European Commission, tweeted on May 4. 

Von der Leyen also announced sanctions against Russia's largest bank and two other major banks.

"Second, we de-swift Sberbank – by far Russia's largest bank – and two other major banks," the EC President tweeted, adding that the EU was also moving to ban three Russian state-owned broadcasters from operating in the Union.

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Von der Leyen also said that the EU had begun to list high-ranking Russian military officers, and other individuals, who had committed war crimes in the Kyiv suburb of Bucha – where the residents had been systematically tortured, executed, and left to rot in the streets.

"We know who you are. And you will be held accountable,” she wrote.

Earlier, The Wall Street Journal reported that the centerpiece of the package is a proposal that the bloc's member states stop importing Russian crude oil within six months, and end the purchase of Russian refined oil products by the end of the year.

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