EU Begins Drafting Embargo On Russian Oil

The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats. The embargo will most likely be introduced in a gradual way, similar to the planned Russian coal embargo, to kick in this August, to give importers time to find alternative suppliers, the report noted. Ukraine government officials have repeatedly called for a full EU embargo on Russian energy supplies. EU members have discussed direct energy…