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Reuters
Reuters
Business

EU leans towards Russian oil ban by year-end, diplomats say

Oil Russia European Union Commission European Commission
FILE PHOTO: A Russian state flag flies on the top of a diesel plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 10, 2019. Picture taken March 10, 2019. REUTERS/Vasily Fedosenko/File Photo

The European Union is leaning toward a ban on imports of Russian oil by the end of the year, two EU diplomats said, after talks between the European Commission and EU member states this weekend.

The European Union is preparing a sixth package of sanctions against Russia in response to the invasion just over two months ago of Ukraine that Moscow calls a special military operation.

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