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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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"This agreement will help ensure Ukraine gets the support it needs to defend itself against Russian aggression, while backing British defense companies, supporting skilled jobs and strengthening our national security," said British Prime Minister Keir Starmer on July 13.

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