The European Union approved a sixth package of sanctions including a partial ban on Russian oil imports after further objections from Hungary held up an agreement.
The diplomats meeting on Thursday backed the measures, which would represent the EU’s toughest yet and are aimed at curbing Russia’s ability to finance the war in Ukraine, according to people familiar with the matter.
The sanctions package will also see Russia’s biggest bank, Sberbank, cut off the international payments system SWIFT. The same restriction also targets Credit Bank of Moscow and the Russian Agricultural Bank.