The News Craving
Published by
Reuters
Reuters
(Reuters) – The European Union’s chief executive proposed a phased oil embargo on Russia, as well as sanctions on its top bank and a ban on Russian broadcasters, in its toughest measures yet to punish Moscow for its war in Ukraine. OIL, GRAIN, DEBT * Oil prices jumped as the EU, the world’s largest trading bloc, outlined plans to phase out imports of Russian oil, offsetting demand worries in top importer China. * A Czech minister said the planned Russian oil ban did not include mechanisms for sharing the burden, describing this as a problem. * An EU source told Reuters Hungary and Slovakia wou…