EU Approves Partial Russian Oil Ban, Adds More Sanctions

Bloomberg Quicktake: Now published this video item, entitled “EU Approves Partial Russian Oil Ban, Adds More Sanctions” – below is their description.

The European Union approved a sixth package of sanctions, including a partial ban on Russian oil imports, after Hungary dropped objections that had been holding it up for weeks. The package includes a ban on insurance related to shipping oil to third countries and will also see Russia’s biggest bank, Sberbank, cut off from the international payments system SWIFT.

EU envoys agreed to drop Patriarch Kirill, who heads the Russian Orthodox Church and has been a vocal supporter of Putin and the war, from the EU’s proposed list of sanctioned individuals. Hungary angered many EU ambassadors by demanding Kirill’s removal after EU leaders reached a sanctions deal earlier in the week, but they ended up accepting the demand to ensure adoption.

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