Europe announces compromise deal on banning Russian oil imports

Ursula von der Leyen, President of the European Commission, speaks to media prior the extraordinary meeting of EU leaders in Brussels, Monday, May 30, 2022. AP - Geert Vanden Wijngaert

European Union leaders have reached a compromise deal to ban more than two-thirds of Russian oil imports, punishment for its invasion of Ukraine three months ago. Meanwhile, Moscow's forces push ahead with their offensive in the eastern Donbas region.

Agreed late Monday, the deal is designed to cut "a huge source of financing for its war machine," European Council chief Charles Michel tweeted.