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Bloomberg: EU to remove pipeline oil embargo from sixth package of sanctions.

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The EU proposed banning seaborne oil from Russia while holding off imposing restrictions on import from the key pipeline Druzhba, Hungary's main source of crude imports, to satisfy Budapest's objections. The European Commission sent a revised proposal to national governments on May 28, Bloomberg reported, citing people familiar with the matter.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The budget foresees Hr 4.8 trillion ($115 billion) in expenditures and Hr 2.9 trillion ($70 billion) in revenues — meaning a deficit of 18.5% of GDP, according to Kyiv-based think tank Center for Economic Strategy (CES).

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