The European Union was preparing sanctions on Russian oil sales over its invasion of Ukraine after a major shift by Germany, Russia’s biggest energy customer, that could deprive Moscow of a large revenue stream within days.
Attempts to increase economic pressure on Russia come amid hopes of more evacuations from the besieged city of Mariupol, while the US warned that Moscow was preparing to formally annex the Donetsk and Luhansk regions in the country’s east.
