EU leaders agree to ban 90% of Russian oil by year-end

European Union leaders agreed on Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow. The compromise was made at a two-day summit focused on helping Ukraine with a long-delayed package of new financial support.The embargo covers Russian oil brought in by sea, allowing a temporary exemption for imports delivered by pipeline, a move that was crucial to bring landlocked Hungary on board a decision that required consensus.Quotes from Charles Michel, President of the European Council and Ursula von der Leyen, President of the European Commission.

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