By David McHugh | Associated Press
FRANKFURT, Germany — The European Union is taking another big step toward cutting its energy ties with Russia. The 27-nation bloc is banning Russian refined oil products like diesel fuel and joining the U.S. and other allies in imposing a price cap on sales to non-Western countries.
Europe’s ban takes effect Sunday following its embargo on coal and most oil from Russia. The move is meant to further slash reliance on Russian energy and payments into the Kremlin’s war chest as the anniversary of the invasion of Ukraine nears.
The newest energy sanctions have risks: Diesel prices have already jumped since the war started