EU leaders reach compromise on additional Russian oil embargo

BRUSSELS — European Union leaders compromised on Monday to impose a partial oil embargo on Russia at a summit focused on helping Ukraine impose a long-delayed sanctions package blocked by Hungary.

The watered-down embargo covers only Russian oil imports by sea, allowing temporary exemptions for imports by pipeline.

EU Council President Charles Michel tweeted that the deal, which covers more than two-thirds of Russia’s oil imports, “cuts a huge source of funding for its war machine. Maximum pressure on Russia to end the war” .”

The EU has imposed five rounds of sanctions on Russia over its war. It targeted more than 1,000 people, including Russian President Vladimir Putin and senior government officials, as well as pro-Kremlin oligarchs, banks, the coal industry and more.

But the sixth set of measures, announced on May 4, was shelved due to concerns over oil supplies.

Hungarian Prime Minister Viktor Orban has made it clear that he can support new sanctions only if Hungary’s oil supply is secured. The landlocked country gets more than 60 percent of its oil from Russia and relies on crude oil sent through the Soviet-era Druzhba pipeline.

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