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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

EU Leaders Ban Most Russian Oil, as Moscow Advances in Donbas

Service members of pro-Russian troops drive an armored vehicle along a street past a destroyed residential building during Ukraine-Russia conflict in the town of Popasna in the Luhansk Region, Ukraine May 26, 2022. The writing on the vehicle reads: "Valkyrie". (Reuters)

European Union leaders have agreed to ban more than two-thirds of Russian oil imports, tightening economic screws on the country even as Moscow's forces press their offensive in Ukraine's eastern Donbas region.

The compromise deal reached late Monday, meant to punish Russia for its invasion three months ago, cuts "a huge source of financing for its war machine," European Council chief Charles Michel tweeted.

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