Live Update 
From the Liveblog of
Wednesday, May 4, 2022
From the Liveblog of
Wednesday, May 4, 2022
EU chief proposes ‘orderly’ Russian oil import ban
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European Commission President Ursula von der Leyen delivers a statement at EU headquarters in Brussels, April 27, 2022. (Kenzo Tribouillard/AP)
European Commission president Ursula von der Leyen says the EU will impose a gradual Russian oil ban in retaliation for the war in Ukraine.
“We will make sure that we phase out Russian oil in an orderly fashion,” von der Leyen says in speech to the European Parliament in Strasbourg as she presented a sixth package of sanctions against Moscow to deny funding to the war effort against Ukraine.
Von der Leyen also says the EU will ask that the bloc’s 27 member states to deny Sberbank, Russia’s biggest bank, access to SWIFT, the global banking communications system.
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