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EU proposes gradual ban on Russian oil, targets more banks in new set of sanctions.

by The Kyiv Independent news desk May 4, 2022 11:13 AM 1 min read
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European Commission President Ursula von der Leyen presented the sixth package of the EU sanctions against Russia over its invasion of Ukraine. The plan, if agreed by EU governments, would include a six-month period of phasing out Russian oil and oil products. The Commission's measures also target three Russian banks, including the biggest Sberbank, adding it to several banks already excluded from the SWIFT system.

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