EU leaders agree to Russian oil ban after compromise with Hungary

European Union leaders have agreed in principle to cut 90 percent of oil imports from Russia by the end of this year, cutting off a vital source of funding for Moscow’s invasion of Ukraine, after reaching a compromise deal with Hungary. The 27-nation organisation has spent weeks haggling over a complete ban on Russian oil but encountered stubborn resistance from Hungarian Prime Minister Viktor Orban who said an embargo would destroy his country’s economy. At a meeting in Brussels on Monday, leaders hatched a compromise deal to exempt deliveries arriving in Europe by the Druzhba pipeline. Al Jazeera’s James Bays reports from Brussels. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #EU #RussianOilEmbargo #UkraineWar
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