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May 31, 2022

EU Pledges to Gradually Ban Most Russian Oil Imports, with Hungary Exempted
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The European Union has pledged to impose an embargo on most - but not
all - of the oil it imports from Russia by the end of 2022. European
Commission President Ursula von der Leyen announced the emerging deal in
Brussels on Monday.

Ursula von der Leyen: "This is very important. Thanks to this, council
should now be able to finalize a ban on almost 90% of all Russian oil
imports by the end of the year. This is an important step forward."

The EU's embargo would still exempt oil delivered from Russia by
pipelines. It also grants Hungary a near-total exemption, after
authoritarian Prime Minister Viktor Orbán refused to cut back on Russian
oil imports.


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