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The European Union, on Friday, June 3, officially approved the embargo on Russian oil, as well as other sanctions against banks and major broadcasters, due to the occupation of Ukraine by Moscow.
The sixth package of sanctions against Russia has been approved by the EU Council and it envisages a ban on the import of Russian oil shipped, with the exception of landlocked countries, reports DPA.
Brussels announces that Russian crude oil will be suspended for a period of six months, while other refined oil products, for eight months.
A temporary exemption is envisaged for landlocked countries, such as Hungary, the Czech Republic and Slovakia, which are said to “suffer from a specific dependence on Russian supplies and have no viable alternatives,” AFP reported.
Bulgaria and Croatia will also have a ‘temporary exemption’ from certain types of oil.
EU leaders say the move means that about 90 percent of Russia’s oil exports to Europe will be blocked by the end of the year. The EU imports about 25 percent of its oil from Russia.
The largest Russian bank, Sberbank, the Credit Bank of Moscow, the Russian Agricultural Bank and the Belarusian Bank for Development and Reconstruction, are also blocked in the international transfer system – SWIFT.
The broadcasting of three other Russian televisions in the EU has been suspended, writes AFP. Also, the list of exports to Russia has been expanded, with 80 chemicals, which can be used for the production of chemical weapons.
The council has also decided to sanction other individuals it considers responsible for crimes in Buca and Mariupol. The list includes people who support the war, entrepreneurs, family members of Kremlin officials, as well as defense companies and financial organizations.
The sixth package of sanctions, which includes an end-of-year embargo on most Russian oil imports to a 27-nation bloc, was approved by the ambassadors on Thursday, following a political agreement reached by EU leaders. of earlier this week.
The patriarch of the Russian Orthodox Church, Cyril, was initially included among the individuals whom the bloc wanted to sanction, but this proposal had to be approved unanimously. He was removed from the list at the insistence of Hungary, which is perceived as Moscow’s closest ally on the bloc.
Kirill reiterated Putin’s baseless claims that Ukraine was engaged in the “extermination” of Russian loyalists in the Donbas, eastern Ukraine, where Russian-backed separatists have been fighting Ukrainian forces since 2014.
Hungarian Prime Minister Viktor Orban had earlier threatened to block the entire sanctions package at the leaders’ summit if he did not receive assurances that his country would not be immediately affected by the oil embargo. Hungary is more dependent on Russian energy than most EU countries.
The EU has previously barred some smaller Russian banks from accessing the system.
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