European Union governments will consider whether to impose an oil embargo on Russia over its invasion of Ukraine as they gather this week with US President Joseph R. Biden, Jr., for a series of summits designed to harden the West’s response to Moscow.
Seeking to force a military withdrawal from Ukraine by Russian President Vladimir Putin, the EU — along with Western allies — has already imposed a panoply of punishing sanctions including a freezing of the assets of the Russian central bank.
The Kremlin has so far not been moved to change course in Ukraine by four rounds of EU sanctions imposed over the past three weeks, including on 685 Russians and Belarusians and on Russian finance and trade. Russia invaded Ukraine on Feb. 24. Putin has called Russia’s actions a “special operation” meant to demilitarize Ukraine and purge it of what he sees as dangerous nationalists. Ukraine and the West say Putin launched an aggressive war of choice.Moscow has warned that EU sanctions on Russian oil could prompt it to close a major gas pipeline to Europe. The EU relies on Russia for 40% of its gas, with Germany among the most dependent of the EU’s large economies.
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