The European Union plans to ban the import of all Russian oil, both crude and refined, said the HEAD of the European Commission, Ursula von der Leyen, reports REUTERS.
According to von der Leyen, the EU intends to stop supplying Russian crude oil within six months, and from importing refined products by the end of 2022.
In addition, the sixth package of EU sanctions, as the head of the European Commission said, provides for:
restrictions against high-ranking Russian military and other individuals who have "committed war crimes"; the disconnection of Sberbank and a number of other large Russian banks from the international SWIFT system - this, according to von der Leyen, "will consolidate the isolation of the Russian financial sector from the global system"; a ban on broadcasting in the European Union for three major Russian state channels.WSJ learned about the timing of the EU's refusal of Russian oil under new sanctions Politics
Since the end of February, the European Union has introduced five packages of sanctions against RUSSIA and is preparing a sixth. The measures must be approved by the EU Council. Its next meetings will be held on May 10 and 16.
As Politico learned, the European Union, in addition to Sberbank, plans to disconnect Moscow Credit Bank (MCB) and Rosselkhozbank from SWIFT. In March, the EU has already disconnected seven Russian credit institutions from the international system - banks VTB, Rossiya, Otkritie, Novikombank, Promsvyazbank, Sovcombank and VEB.RF.
Read on RBC Pro Pro How to change the motivation system for top managers in a crisis Articles ProWhy France's election is the first wake-up call for investors Articles Pro Amazon: Crazy ideas that paid off.Investor's digest Articles Pro Why software import substitution in Russia will go the way of the Belarusian shrimp ArticlesPro The Bank of Russia lowered the rate to 14%.What will happen to the ruble exchange rate and inflation Articles Pro Who and how will be punished for the implementation of Western sanctions Articles Pro$2 thousand for dismissal:how Zappos built the most unusual strategyAs for the embargo on Russian oil, the EU has not been able to come to a consensus on this issue in recent months. However, in early May, Germany announced that it was ready to support the ban, and following it, as reported by the ZDF television channel, Austria, Hungary and Slovakia withdrew their veto on the embargo. For the last two, the EU will make an exception: they will be given a longer period of 20 months to refuse to import Russian oil, sources told the Wall Street Journal.
In early March, the United States imposed an embargo on Russian oil . Against the backdrop of these sanctions and the forthcoming ban from the European Union, Russian President Vladimir Putin instructed to speed up work on creating infrastructure to redirect oil and gas exports from the West to other "promising markets - to the South and East." In addition, on May 3, he signed a law on retaliatory measures against anti-Russian sanctions . The government will prepare a list of individuals and organizations against which Russia will impose restrictions within ten days. With those who fall into the list, Russian citizens, companies and government agencies will be prohibited from entering into transactions, and the EXPORT of raw materials or products in favor of the persons on the list will also be prohibited.
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