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MARKETS

EU agrees in principle to cut 90% of Russian oil imports by year's end

EU leaders said they had reached an agreement on Monday to cut 90% of oil imports from Russia by year's end, resolving an impasse over the bloc's toughest sanction yet on Moscow since the invasion of Ukraine three months ago.

Tim Daiss
EU agrees in principle to cut 90% of Russian oil imports by year's end

Diplomats said the agreement would clear the way for other elements of a sixth package of EU sanctions on Russia to take effect, including cutting Russia's biggest bank, Sberbank from the SWIFT messaging...

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