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EU tightens sanctions against Russia: “The idea is to dry up financial flows”

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The President of the European Commission, Ursula von der Leyen, proposes to the European Parliament the establishment of a gradual embargo on Russian oil, in Strasbourg, May 4, 2022. AP - Jean-Francois Badias

By: Charlotte Derouin

In retaliation for the war in Ukraine, the European Commission is proposing a gradual EU embargo on oil and petroleum products purchased from Russia.

Nothing is official yet, the text must now be validated by the 27 Member States.

But a sixth package of sanctions is well and truly underway, a complete and gradual shutdown, spread over a period of 6 months, the time to set up other supply circuits.

What impact these sanctions could have on Moscow.

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Interview with Thierry Bros, professor at Sciences Po Paris and researcher at the Oxford Institute for Energy Studies.

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  • European Union

  • Ukraine

  • Russia

  • Energies

  • Economy

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