IBT Staff Reporter

7831-7860 (out of 154955)

Oil Climbs Ahead Of EU Meeting On Russia Sanctions

Oil prices rose to two-month highs on Monday as traders waited to see if the European Union would reach an agreement on banning Russian oil ahead of a meeting on a sixth package of sanctions against Moscow for its invasion of Ukraine.

EU Resolves Impasse Over Russia Oil Import Embargo

European Union leaders said they had agreed on Monday to cut 90% of oil imports from Russia by the end of this year, resolving an impasse over the bloc's toughest sanction yet on Moscow since the invasion of Ukraine three months ago.

EU Not Ready To Agree Russia Oil Ban, Leaders Say

European Union leaders will fail to agree on a Russian oil ban at a summit on Monday and Tuesday in Brussels, leaders said as they arrived, adding that weeks of haggling over the matter were not over even if they were hopeful for a deal later.

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