The Fort Worth Press - EU leaders ban most Russian oil, as Moscow advances in Donbas

USD -
AED 3.672502
AFN 64.497616
ALL 81.506991
AMD 360.429752
ANG 1.789785
AOA 917.999937
ARS 1545.681894
AUD 1.444765
AWG 1.8025
AZN 1.699932
BAM 1.747857
BBD 2.013995
BDT 124.194572
BGN 1.747831
BHD 0.377203
BIF 3011
BMD 1
BND 1.279838
BOB 11.883984
BRL 5.509398
BSD 0.999937
BTN 93.852382
BWP 13.739421
BYN 2.994093
BYR 19600
BZD 2.011135
CAD 1.41245
CDF 2290.999766
CHF 0.819955
CLF 0.02464
CLP 969.780235
CNY 6.672803
CNH 6.66933
COP 3276.13
CRC 452.916521
CUC 1
CUP 23.998856
CVE 98.625031
CZK 21.69625
DJF 177.719941
DKK 6.66256
DOP 60.649692
DZD 136.045988
EGP 53.878703
ERN 15
ETB 161.20406
EUR 0.89115
FJD 2.251803
FKP 0.74879
GBP 0.744075
GEL 2.595015
GGP 0.74879
GHS 11.685021
GIP 0.74879
GMD 73.999976
GNF 8862.501971
GTQ 7.640921
GYD 209.629348
HKD 7.84249
HNL 27.07501
HRK 6.76901
HTG 131.066963
HUF 322.956006
IDR 18046.05
ILS 3.15879
IMP 0.74879
INR 93.947051
IQD 1514
IRR 1902285.503214
ISK 122.280336
JEP 0.74879
JMD 158.851444
JOD 0.70902
JPY 158.033494
KES 129.90233
KGS 87.449841
KHR 4085.000406
KMF 441.999829
KPW 899.999961
KRW 1344.920294
KWD 0.31084
KYD 0.833348
KZT 448.635799
LAK 22505.000394
LBP 89549.999944
LKR 332.482853
LRD 170.301415
LSL 16.559686
LTL 2.95274
LVL 0.60489
LYD 6.429938
MAD 9.757497
MDL 18.024451
MGA 4594.999824
MKD 54.865277
MMK 2099.456394
MNT 3601.166008
MOP 8.076267
MRU 40.250214
MUR 47.100285
MVR 15.39452
MWK 1737.000223
MXN 18.53654
MYR 4.058398
MZN 63.898067
NAD 16.560045
NGN 1347.010266
NIO 36.610471
NOK 9.402951
NPR 150.16399
NZD 1.775111
OMR 0.384489
PAB 1.000027
PEN 3.442497
PGK 4.491997
PHP 63.063987
PKR 276.649877
PLN 3.909199
PYG 6250.390985
QAR 3.643033
RON 4.761988
RSD 104.863977
RUB 82.499632
RWF 1475
SAR 3.760416
SBD 8.048583
SCR 14.063266
SDG 601.496805
SEK 9.802155
SGD 1.278978
SHP 0.748923
SLE 22.949715
SLL 20969.504398
SOS 571.503496
SRD 37.552001
STD 20697.981008
STN 22.275
SVC 8.750011
SYP 13001.999685
SZL 16.560017
THB 33.4098
TJS 9.179562
TMT 3.5
TND 2.985497
TOP 2.40776
TRY 50.229797
TTD 6.78213
TWD 32.8036
TZS 2644.998012
UAH 45.554751
UGX 4094.837216
UYU 40.322617
UZS 11999.999578
VES 896.3164
VND 25515.5
VUV 119.26207
WST 2.787824
XAF 584.55609
XAG 0.018729
XAU 0.000241697977
XCD 2.70255
XCG 1.802193
XDR 0.707052
XOF 584.55609
XPF 107.449651
YER 236.624987
ZAR 16.37955
ZMK 9001.200647
ZMW 20.324048
ZWL 321.999592
SSP 5745.232324
MXV 2.083835
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

EU leaders ban most Russian oil, as Moscow advances in Donbas

EU leaders ban most Russian oil, as Moscow advances in Donbas

European Union leaders agreed late Monday to ban more than two-thirds of Russian oil imports, tightening economic screws on the country even as Moscow's forces made gains in the eastern Donbas region of war-ravaged Ukraine.

Text size:

The compromise deal, meant to punish Russia for its invasion three months ago, cuts "a huge source of financing for its war machine," European Council chief Charles Michel tweeted.

"Maximum pressure on Russia to end the war," he said.

Leaders of the 27-nation bloc had met to negotiate the long-sought deal earlier Monday in Brussels, amid concerns raised by Hungary and other neighboring countries reliant on Russian fuel.

The agreement also includes plans for the EU to send 9 billion euros in "immediate liquidity" to Kyiv, Michel announced.

On the ground, Russian forces pressed their offensive in Donbas.

"The situation in Severodonetsk is as complicated as possible," Lugansk regional governor Sergiy Gaiday said on Telegram, saying the entire region was under continuous bombardment -- "air bombs, and artillery, and tanks. Everything".

As Europe announced its pressure on Moscow, Washington took a cautious line regarding weaponry for Ukraine.

US President Joe Biden said he would not send rocket systems to Ukraine that could hit Russian territory, despite urgent requests from Kyiv for such weapons and extensive US military aid since the war began.

In Washington, Biden told reporters: "We are not going to send to Ukraine rocket systems that can strike into Russia."

- US envoy arrives -

Ukraine has received extensive US military aid, with legislators approving another $40 billion (37.1 billion euros) assistance package in May.

Biden's comments came as Washington's new ambassador to Ukraine, Bridget Brink, arrived in Kyiv to fill a position vacant since 2019, Secretary of State Antony Blinken said Monday on Twitter.

France's new Foreign Minister Catherine Colonna said while visiting Kyiv that Paris was ready to boost military aid to Ukraine to help it counter Russia's invasion.

France will "continue to reinforce arms deliveries," Colonna said at a news conference with her Ukrainian counterpart Dmytro Kuleba.

The highest-ranking French official to visit the capital since Russia's invasion began February 24, Colonna also visited Bucha, near Kyiv, where Russian troops have been accused of committing war crimes against civilians.

"This should never have happened," Colonna told reporters after visiting an Orthodox church in the town. "It must never happen again."

Her visit came as a French journalist was killed while working in Ukraine.

Frederic Leclerc-Imhoff was "on board a humanitarian bus" when "he was mortally wounded," French President Emmanuel Macron said on Twitter.

Ukrainian President Volodymyr Zelensky offered his "sincere condolences" to Leclerc-Imhoff's colleagues and family in his nightly speech Monday.

Civilian evacuations from the area were halted after the killing, Zelensky said.

- Oil sanctions -

Speaking at the EU summit via videolink Monday, Zelensky had urged the EU end internal "quarrels" and encouraged more sanctions.

"It is time for you to be not separate, not fragments, but one whole," he said.

Meeting participants hatched a compromise deal that exempts deliveries by pipeline from the oil import ban, after Hungarian President Victor Orban warned halting supplies would wreck the country's economy.

Eu chief Ursula von der Leyen said the ban "will effectively cut around 90 percent of oil imports from Russia to the EU by the end of the year" as Germany and Poland had committed to renounce deliveries via a pipeline to their territory.

The wrangling over the sixth package of sanctions has rocked European unity in the face of the Kremlin's attack on Ukraine after five waves of unprecedented economic punishment on Russia.

Michel said the sanctions also involved disconnecting Russia's biggest bank Sberbank from the global SWIFT system, banning three state broadcasters and blacklisting individuals blamed for war crimes.

- 'We're close!' -

With Russia facing the oil import ban, a Georgian breakaway region delivered another blow to Moscow's hopes for further unity among local allies, with the leader of South Ossetia scrapping plans to hold a referendum on joining Russia which had been scheduled for July 17.

The Moscow-controlled enclave's president Alan Gagloev warned Monday about "uncertainty of the legal consequences of the issue submitted to a referendum."

Since failing to capture Kyiv in the war's early stages, Russia's army has narrowed its focus, hammering Donbas cities with relentless artillery and missile barrages, with Zelensky calling the situation there "extremely difficult" Monday.

"There, in the Donbas, the maximum combat power of the Russian army is now gathered," he said.

But Ukrainian forces pushed back over the weekend in the southern region of Kherson, the country's military leadership said.

The Ukrainian general staff claimed the move had put their adversary into "unfavourable positions" around the villages of Andriyivka, Lozovo and Bilohorka and forced Moscow to send reserves to the area.

At the same time, two people were injured following an explosion in the Moscow-controlled city of Melitopol in southeastern Ukraine, with local pro-Kremlin authorities blaming Kyiv.

Russia-installed authorities said the city had been targeted by a "terrorist attack" and that Ukraine's government was conducting "war on the civilian population."

burs-sea/imm/jj/caw/mlm

A.Maldonado--TFWP