UK Times reports the European Union will levy ‘smart sanctions’ on Russian oil imports

Times is gated. In brief:

  • European Union is preparing “smart sanctions” against Russian oil imports
  • designed to minimise economic damage to the continent’s economy
  • would soon present a sixth package of sanctions
  • would include “some form” of an oil embargo
  • sanctions could include a gradual phasing-out of Russian oil or imposing tariffs on exports beyond a certain price cap

The comments come from Valdis Dombrovskis, the European Commission’s executive vice-president

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