TrendingVideosIndia
Opinions | CommentEditorialsThe MiddleLetters to the EditorReflections
Sports
State | Himachal PradeshPunjabJammu & KashmirHaryanaChhattisgarhMadhya PradeshRajasthanUttarakhandUttar Pradesh
City | ChandigarhAmritsarJalandharLudhianaDelhiPatialaBathindaShaharnama
World | United StatesPakistan
Diaspora
Features | Time CapsuleSpectrumIn-DepthTravelFood
Business | My MoneyAutoZone
UPSC | Exam ScheduleExam Mentor
Don't Miss
Advertisement

EU targets Russian oil as offensive intensifies

Kyiv, May 4 The European Union proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil embargo, as Kyiv said Moscow was intensifying an offensive in eastern Ukraine and close Russian ally Belarus announced large-scale army drills....
Advertisement

Kyiv, May 4

Advertisement

The European Union proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil embargo, as Kyiv said Moscow was intensifying an offensive in eastern Ukraine and close Russian ally Belarus announced large-scale army drills.

Advertisement

Piling pressure on Russia’s already battered $1.8 trillion economy, the European Commission proposed phasing out imports of Russian crude oil within six months and refined products by the end of this year, sending the price of Brent up 4% to more than $109 a barrel.

“(President Vladimir) Putin must pay a price, a high price, for his brutal aggression,” Commission chief Ursula von der Leyen told applauding EU lawmakers in Strasbourg. The plan, if agreed by EU governments, would be a watershed for the world’s largest trading bloc. — Reuters

Advertisement
Advertisement
Show comments
Advertisement