Imports of crude oil from Russia must be stopped within six months, while refined products will be phased out by the end of the year. This is part of the EU Commission's proposal for the sixth sanctions package. This is what EU Commission President Ursula von der Leyen said in a speech to the EU Parliament in Strasbourg on Wednesday.
- Putin must pay a high price for his aggression in Ukraine, says Ursula von der Leyen.
As expected, the sanctions package does not include a total ban on the purchase of Russian energy. This is what Ukrainian President Volodymyr Zelensky has long called for.
He believes that EU countries, with their billion-dollar energy purchases, are helping Putin finance the war in Ukraine. Poland and the Baltic countries support Zelensky's wish. But energy-dependent countries such as Germany have advocated a gradual phase-out in order to find alternatives to Russian energy.
Sixth sanctions package
The oil import ban is part of the sixth sanctions package, which also includes a number of other sanctions. The EU Commission will, among other things, sanction those responsible for the massacre in Butja and the siege of Mariupol, says Ursula von der Leyen in a speech to the European Parliament.
- It sends a clear message to the Kremlin's perpetrators: We know who you are. We will hold you accountable. You will not get away with this, says von der Leyen.
As part of the sixth sanctions package, the EU Commission also proposes to exclude Sberbank from the international payment system Swift.
- Sberbank is the largest Russian bank. It accounts for 37 percent of the Russian banking sector. And we will also exclude two other large banks in Russia from Swift. In doing so, we are hitting banks that are crucial to the Russian banking sector and Putin's ability to wage war, says von der Leyen.
Ritzau
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