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Reuters
Reuters
Business
Kate Abnett, Jan Strupczewski and Ingrid Melander

EU agrees Russia oil embargo, gives Hungary exemptions; Zelenskiy vows more sanctions

Hungary's Prime Minister Viktor Orban listens to a media question as he arrives for the European Union leaders summit, as EU's leaders attempt to agree on Russian oil sanctions in response to Russia's invasion of Ukraine, in Brussels, Belgium May 30, 2022. REUTERS/Johanna Geron

European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by end-2022, but Hungary and two other landlocked Central European states secured exemptions for the pipeline imports they rely on.

The ban, agreed overnight after weeks of wrangling, aims to halt 90% of Russia's crude imports into the 27-nation bloc by year-end.

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