EU Leaders Agree to Russian Oil Ban After Compromise with Hungary
- 31 May 2022 11:38 AM
European Union leaders have agreed in principle to cut 90 percent of oil imports from Russia by the end of this year, cutting off a vital source of funding for Moscow’s invasion of Ukraine, after reaching a compromise deal with Hungary.
The 27-nation organisation has spent weeks haggling over a complete ban on Russian oil but encountered stubborn resistance from Hungarian Prime Minister Viktor Orban who said an embargo would destroy his country’s economy.
Source: Al Jazeera English
LATEST NEWS IN current affairs