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Reuters
Reuters
Business

EU summit to agree sanctions should include Russian oil embargo with pipeline exemption - draft

FILE PHOTO: Models of oil barrels and a pump jack are seen in front of displayed EU and Russia flag colours in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

European Union leaders are due to agree at a summit later in the day that the sanctions package under preparation should include an embargo on Russian oil imports as punishemnt for Moscow invading Ukraine, but exempt pipeline crude deliveries.

But, unable to agree on all the details of the oil embargo, the leaders will leave the final agreement on the package for later.

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