The European Union has announced proposals to sanction Russian oil imports on Wednesday, as Russia launched more attacks on eastern and southern Ukraine.
Timothy Ash, emerging markets senior sovereign strategist at BlueBay Asset Management, discusses the implications of the EU's proposals to gradually ban Russian oil imports.The European Commission, the executive arm of the EU, has put forward new sanctions against the Kremlin which will include a six-month phase out of Russian crude imports.
An embargo on Russian oil imports would be the bloc's sixth round of sanctions against Russia since its invasion of Ukraine began in late February.Jake Sullivan, White House national security adviser, in Washington, D.C., U.S., on April 14, 2022. Sullivan met with Oscar Stenstrom, State Secretary for Foreign Affairs to the Prime Minister of Sweden, to discuss the security situation in Europe in view of Russia's invasion of Ukraine.U.S.
"We finally have a result, the first result of our evacuation operation from Azovstal in Mariupol, which we have been organizing for a very long time," Ukraine's President Volodymyr Zelenskyy said in his nightly address on Telegram. He also said the Russian shelling of areas of western Ukraine is "evidence that Russia does not have any special military objective. Hitting Zakarpattya [the most western part of Ukraine]. What specifically can it give to Russia?" he said.UK says Russia intends to capture cities to consolidate control in northeastern Donbas
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