EU to mull Russian oil embargo with Biden set to join talks – Reuters.com

EU to mull Russian oil embargo with Biden set to join talks – Reuters.com

BRUSSELS, March 21 (Reuters) - European Union governments will consider whether to impose an oil embargo on Russia over its invasion of Ukraine as they gather this week with U.S. President Joe Biden 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.

"We are working on a fifth round of sanctions and many new names are being proposed," a senior EU diplomat said on condition of anonymity because the discussions are not public.