EU agrees on sixth package of sanctions against russian federation with partial embargo on russian oil

The leaders of member states of the European Union agreed on the sixth package of sanctions against the russian federation at the summit on May 30. This was announced on Twitter by head of the European Council Charles Michel.

According to him, the agreed sanctions package provides for:

limiting more than 2/3 of oil imports from russia, "cutting a huge source of financing for its war machine";

de-Swifting the largest russian bank Sberbank;

banning 3 more russian state-owned broadcasters in the EU;

sanctioning individuals responsible for war crimes in Ukraine.

Also, as Charles Michel stated, the European Union will allocate 9 billion euros of financial assistance to Ukraine together with partners in the G7.

As previously reported, oil prices peaked ahead of the EU summit on sanctions against russia.