Moscow has pledged to find other importers for its oil shortly after the world’s largest trading bloc agreed to impose a partial embargo on Russian crude.
The European Union on Monday decided to ban most Russian oil imports by the end of the year as part of new measures designed to punish the Kremlin over its unprovoked invasion of Ukraine.
The move was hailed by EU foreign policy chief Josep Borrell as a “landmark decision to cripple [Russian President Vladimir] Putin’s war machine.”
It covers Russian oil brought into the bloc by sea, with an exemption carved out for imports delivered by pipeline following opposition from Hungary.
The EU’s long-delayed sixth package of sanctions against Russia required approval from all 27 member states.
Responding to the measures, Mikhail Ulyanov, Russia’s permanent representative to international organizations in Vienna, said the oil ban reflects negatively on the bloc.
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