EU leaders agree to ban Russian oil exports

European Union Council President Charles Michel announced that EU leaders agreed on Monday to ban the export of Russian oil to the 27-nation bloc.

"This immediately includes more than two-thirds of Russia's oil imports, cutting off a huge source of financing for its war machine," Michel wrote on Twitter.

He added that the leaders also agreed to block Sberbank, Russia's largest bank, from accessing the international SWIFT system for financial transactions and to ban three other Russian state-owned radio stations.

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