Proposed by EU Chief "Phased out of Russian oil in an orderly manner"

Proposed by EU Chief "Phased out of Russian oil in an orderly manner"

EU chief Ursula von der Leyen said on Wednesday that the EU would impose a gradual Russian oil ban as Brussels announced new sanctions to punish Russia for its invasion of Ukraine.

“We ensure that Russia’s oil is phased out in an orderly manner,” the EU chief said at a meeting of the European Parliament in Strasbourg.

“This is why Russia’s oil supply will be phased out within six months and refined products will be phased out by the end of the year,” she added.

In a document seen by the AFP, von der Leyen’s proposal called on Hungary and Slovakia, which are heavily dependent on Russia’s oil, to give more time to respond to the ban.

Ambassadors from 27 European Union countries will meet on Wednesday to evaluate her plan and require unanimous approval before it goes into effect.