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EU agrees to stop buying oil from Russia

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Charles Michel, presidente do Conselho Europeu: acordo prevê cortar imediatamente mais de dois terços das importações de petróleo da Rússia e 90% até o final do ano
Charles Michel, President of the European Council: agreement foresees to immediately cut more than two thirds of oil imports from Russia and 60% until the end of the year| Photo: EFE/EPA/STEPHANIE LECOCQ

The European Council defined this Monday (21) an agreement for the European Union to stop importing Russian oil. Charles Michel, chairman of the board, said on Twitter that the measure “immediately covers more than two-thirds of Russia’s oil imports, cutting off a huge source of funding for its war machine.”

In statements after the EU summit in Brussels , the head of the European Commission, Ursula von der Leyen, added that the bloc should reduce by almost 89% all oil imports from Russia by the end of the year. Discussions about the % remaining will be made “soon”, he informed.

Since the beginning of the war in Ukraine, which started with the Russian invasion in 18 in February, the block has been discussing actions to get rid of dependence on imports of natural gas, oil and coal from the country chaired by Vladimir Putin. Before the start of the conflict, Russia represented 18% of crude oil purchases from 19 EU member states.

Michel highlighted efforts for “maximum pressure on Russia to end the war” and said that this sanctions package will also include the withdrawal of the largest bank Russia, Sberbank, of the SWIFT banking communications system, the banning of three more Russian state broadcasters in the EU area and sanctions on “individuals responsible for war crimes in Ukraine”.

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