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War: EU finally proposes ban on Russian oil

Posted by on May 4, 2022 0

The European Union (EU) has proposed a ban on Russian oil, amid the ongoing war between Russia and Ukraine.

Ursula von der Leyen, the president of the European Commission, disclosed this in a tweet via her Twitter handle on Thursday morning.

She said: “Finally, we now propose a ban on Russian oil. Let’s be clear: it will not be easy. But we simply have to work on it.

“We will make sure that we phase out Russian oil in an orderly fashion. To maximize pressure on Russia, while minimizing the impact on our economies.”

Leyen added, “We want Ukraine to win this war. Yet so much has to be rebuilt. That is why I am proposing to start working on an ambitious recovery package for our Ukrainian friends.

“This package should bring massive investment to meet the needs and the necessary reforms.”

Recall that the war between Russia and Ukraine began in February this year.

Both neighbouring nations have been fighting for more than two months since President Vladimir Putin ordered the invasion of Ukraine due to some political differences.

As of today, many casualties have since been recorded as a result of the war.

War: EU finally proposes ban on Russian oil

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