Oil embargo: Von der Leyen promises 2/3 reduction in Russian imports by end of year. 

The president of the European Commission speaks at press conference at the end of Council meeting

“The Council should now be able to finalize an import ban on nearly 90 percent of all Russian oil imports by the end of the year. This is an important step forward,”said European Commission President Ursula von der Leyen, at the end of the first day of the European Council. The package also includes weakening Sberbank, the largest Russian bank with a 37-percent market share.

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