EU leans towards Russian oil ban by year-end, diplomats say Posted on May 2, 2022 by cngpump The European Union is preparing a sixth package of sanctions against Russia over the invasion just over two months ago of Ukraine that Moscow calls a special military operation. Related posts: Oil climbs but takes a breather in tight range Indian refiners seeking 6-month Russian oil import deal: Report EU to phase out Russian energy, offer Ukraine support but no fast-track membership Russia should diversify its energy exports towards Asia: Putin France’s TotalEnergies to ship Abu Dhabi crude to Europe in rare move Exxon Mobil may completely withdraw from Russia by June 24: sources Kremlin says Russian oil embargo would hurt Europe, not U.S. Russia increases its emergency spending fund by $3.5 billion Josep Borrell says no EU agreement on Russian energy embargo ‘Small actions’ can help reduce reliance on Russian energy: IEA