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EU, resolving a deadlock, in deal to cut most Russia oil imports

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Reuters UK

By Jan Strupczewski and Philip Blenkinsop BRUSSELS (Reuters) -European Union leaders agreed in principle on Monday to cut 90% of oil imports from Russia by the end of this year, resolving a deadlock with Hungary over the bloc’s toughest sanction yet on Moscow since the invasion of Ukraine three months ago. Diplomats said the agreement would clear the way for other elements of a sixth package of EU sanctions on Russia to take effect, including cutting Russia’s biggest bank, Sberbank, from the SWIFT messaging system. “Agreement to ban export of Russian oil to the EU,” said European Council Presi…

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