On Wednesday 4 May the President of the European Commission, Ursula von der Leyen, presented the sixth package of sanctions against Russia, in retaliation for the war in Ukraine, to the European Parliament.
As expected, Ms von der Leyen proposed an import ban on all Russian oil transported by sea or pipeline, both crude and refined. “We will phase out Russian crude oil deliveries within six months and refined products by the end of the year”, she said. The Commission’s proposal,...