Tonight the EU Summit reached a compromise on the sixth sanctions package. By the end of 2022, EU countries will stop buying all Russian oil delivered by sea — 67% of all supplies. An exception is made for the Druzhba oil pipeline.
However, taking into account the voluntary refusal of Russian oil by Poland and Germany, sanctions will actually affect 90% of all Russian supplies by the end of 2023, or about 100 million tons per year. Temporary exceptions are made for Hungary, Slovakia and the Czech Republic. Hellish sanctions have also been introduced against the largest Russian bank, Sberbank.
In the coming weeks, the sixth package will reduce the financing possibilities of the Russian military campaign by hundreds of millions of euros per day.
