EC president welcomes EU’s decision to restrict oil imports from Russia

The New Voice of Ukraine
·1 min read
Ursula von der Leyen
Ursula von der Leyen

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She said that she welcomed the decision.

Read also: Russia to lose about $10 billion a year through oil ban – Bloomberg

EU members have “agreed to end their dependence on Russian gas, oil and coal as soon as possible,” she added.

The EC president also noted that the plan to achieve this goal would include the following:

Read also: Record amount of Russian oil stuck on board tankers due to sanctions, Reuters reports

  • energy saving;

  • diversifying away from Russian fossil fuels;

  • massive investment in renewable energy sources;

  • financing of EUR 300 billion, most of which will go to the Economic Recovery Fund.

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President of the European Council Charles Michel on May 20 said that the countries of the EU had agreed to a partial ban on oil imports from Russia.