Embargo aims to hit Russian ability to finance war Ban gives carveout to European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the wee hours on Tuesday that aims to cut 90% of Russia’s crude imports into the bloc by the end of the year. By making a promise that the EU’s embargo excludes the pipeline that landlocked Hungary relies on for Russian oil, the bloc aims to reduce Moscow’s income to finance the war it launched more than three months ago in Ukraine. read more “It’s a fair compromise … this was the best we could get,” Estonian Prime Minister Kaja Kallas told reporters as she arrived for the […]