The European Union is likely to propose ending purchases of Russian crude oil by the 27-country bloc before the end of 2022, and a ban on purchases of Russian refined-oil products by year-end, according to two senior diplomats.
The proposals, set to be circulated on Tuesday to EU member states, would be the centerpiece of a sixth package of EU sanctions on Moscow over its invasion of Ukraine. Slovakia and Hungary would get additional time to implement the embargo because of their particularly high dependence on Russian oil.
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This post first appeared on wsj.com
