×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: ban

EU Bans Russian Oil

EU Bans Russian Oil
Ukrainian demonstrators demand an embargo on Russian oil during a protest in front of EU institutions prior to an extraordinary meeting of EU leaders to discuss Ukraine, energy and food security at the Europa building in Brussels, Monday. (AP)

Monday, 30 May 2022 06:45 PM EDT

EU leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc, EU Council President Charles Michel said, as Ukrainian and Russian forces battled on the outskirts of Sievierodonetsk, the last city still held by Kyiv in Ukraine's strategic Luhansk province.

Michel said on Twitter the ban would immediately cover more than two thirds of oil imports from Russia "cutting a huge source of financing for its war machine."

The EU leaders, meeting in Brussels, also agreed to cut off the largest Russian bank Sberbank from the SWIFT system and to ban three more Russian state-owned broadcasters, Michel added.

Shortly before the announcement, Ukrainian President Volodymyr Zelenskyy said the situation remained "extremely difficult" in the Donbas region, where Russia has focus of its military effort after failing to capture Ukraine's capital, Kyiv, in March.

Zelenskyy had called the EU too soft on Moscow when it appeared leaders would not reach an agreement on the oil ban.

Earlier, in Washington, President Joe Biden said the United States would not send Ukraine rocket systems that can reach into Russia, a decision Russian Security Council Deputy Chairman Dmitry Medvedev called "rational."

Russia has been seeking to seize the entire Donbas region, consisting of Luhansk and Donetsk, another province Moscow claims on behalf of separatist proxies.

Capturing Sievierodonetsk and its twin city Lysychansk on the opposite bank of the Siverskyi Donets river would give Moscow effective control of Luhansk and allow the Kremlin to declare some form of victory after more than three months of death and destruction in Ukraine.

But by focusing on a battle for the single small city, Russia could leave other territory open to Ukrainian counterstrikes.

In his nightly address, Zelenskyy said the Donbas situation "remains extremely difficult" and said the Russian army was "trying to gather a superior force to put more and more pressure on our defenders."

"The Russian army has now gathered there the maximum combat power," he said of Donbas as a whole.

Kyiv said that in recent days, its forces pushed back Russian troops to defensive positions in Andriyivka, Lozove and Bilohorka, villages on the south bank of the Inhulets River that forms the border of Kherson province, where Moscow is trying to consolidate control.

© 2022 Thomson/Reuters. All rights reserved.


GlobalTalk
EU leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc, EU Council President Charles Michel said, as Ukrainian and Russian forces battled on the outskirts of Sievierodonetsk, the last city still held by Kyiv in Ukraine's strategic Luhansk...
ban
374
2022-45-30
Monday, 30 May 2022 06:45 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved