BRUSSELS
\nIn the most significant effort yet to punish Russia for its war in Ukraine, the European Union agreed to ban the overwhelming majority of Russian oil imports after tense negotiations that exposed the cracks in European unity.
\nFrom the moment Russia invaded on Feb. 24, the West has sought to hit Moscow\u2019s lucrative energy sector to cut off funding for its war. But any such move is a double-edged sword, especially in Europe, which relies on the country for 25% of its oil and 40% of its natural gas. European countries that are even more heavily dependent on Russia have been especially reluctant to act.
\nIn a move unthinkable just months ago, EU leaders agreed late Monday to cut around 90% of all Russian oil imports over the next six months.
\nBelgian Prime Minister Alexander De Croo called the embargo a \u201cbig step forward\u201d and Irish Prime Minister Micheal Martin hailed it as \u201ca watershed moment.\u201d
\nBut both leaders cautioned that Europe would need time to adjust to the impact \u2014 and any further bans on Russian energy would come slowly.
\nThe deputy head of Russia\u2019s Security Council said Tuesday that energy sanctions against the country were intended to hurt ordinary Russians by making it harder for Moscow to fund social programs.
\n\u201cThey hate us all! The basis for these decisions is hatred for Russia, for Russians and for all its inhabitants,\u201d Dmitry Medvedev, who is also a former president and prime minister, wrote on the Telegram messaging app.
\nMikhail Ulyanov, Russia\u2019s permanent representative to international organizations in Vienna, appeared to shrug the move off, though, saying Moscow would find other buyers.
\nRussia has also not shied away from withholding its energy supplies, despite the economic damage it could suffer as a result. Russian energy giant Gazprom said it cut natural gas supplies to Dutch trader GasTerra on Tuesday. It\u2019s already turned the taps off to Bulgaria, Poland and Finland, and is considering doing the same to Denmark.
\nGasTerra said the move comes after it refused Gazprom\u2019s \u201cone-sided payment requirements.\u201d That\u2019s a reference to Russian President Vladimir Putin\u2019s demand that European nations pay for gas in rubles \u2014 an arrangement others have also refused. GasTerra said homes would not be hit as it had bought gas elsewhere in anticipation of a shutoff.<\/p>\n","protected":false},"excerpt":{"rendered":"
BRUSSELS In the most significant effort yet to punish Russia for its war in Ukraine, the European Union agreed to ban the overwhelming majority of Russian oil imports after tense negotiations that exposed the cracks in European unity. From the moment Russia invaded on Feb. 24, the West has sought to hit Moscow\u2019s lucrative energy […]<\/p>\n","protected":false},"author":2,"featured_media":263737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3501,7946,338],"class_list":{"0":"post-263708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-european-union","9":"tag-oil-imports","10":"tag-russia"},"yoast_head":"\n