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ABC News
ABC News
National

European Union agrees to partial embargo on Russian oil as part of Ukraine invasion sanctions

European Union Russia Oil Europe Ukraine Hungary Petr Fiala Volodymyr Zelenksyy
The agreement only bans oil imported via sea, giving a reprieve to countries that receive their oil by pipeline. (Reuters: Sergei Karpukhia)

European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the wee hours on Tuesday, local time, that aims to cut 90 per cent of Russia's crude imports into the bloc by the end of the year.

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