European Union will introduce an embargo on Russian oil until end of year

“EU is going to offer to introduce an oil ban from Russia,” Bloomberg reports with reference to sources.

“The European Union intends to propose to ban Russian oil by the end of the year, before that restrictions on imports will be gradually introduced,” the agency said in a statement.

According to sources, other proposals that may become part of the next package of sanctions against Russia include “restrictions on advisory services and services based on cloud technologies, as well as for the acquisition of real estate”.