May 31, 2022

JOB ONE FOR UKRAINE--BLOW UP THE PIPELINES:

Europe agrees to ban most Russian oil imports (Matina Stevis-Gridneff and Richard Pérez-Peña, 5/30/22,  New York Times)

The European Union on Monday agreed to ban most imports of Russian oil, the harshest economic penalty yet imposed on Russia for its invasion of Ukraine, and potentially the biggest sacrifice by Europe itself.

The deal is the latest and most far-reaching demonstration that over more than three months of war, in reaction to mounting Russian aggression and atrocities, European leaders have grown willing to take steps they considered too extreme when the invasion began. They have already barred imports of Russian natural gas, cut off Russian banks from global financial networks, frozen Russian assets, and sent advanced weaponry to Ukraine.

After weeks of intense wrangling, EU leaders meeting in Brussels endorsed an embargo on Russian oil delivered by tankers, the primary method, with commitments to reduce imports by pipeline, according to a draft agreement seen by The New York Times.

Posted by at May 31, 2022 12:00 AM

  

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