Ban on seaborne oil aims to cut off funds for Kremlin war machine, but some warn it could help Moscow in short term
After nearly a month of wrangling, the European Union has agreed to a partial ban on Russian oil, with the aim of cutting off funding to the Kremlin’s war machine. According to the European Council president, Charles Michel, three-quarters of Russian oil imports will be immediately affected, rising to 90% by the end of the year.
