Two-thirds of imports will be banned and Sberbank ejected from Swift but Hungary, Czech Republic and Slovakia to keep supplies
The European Union has agreed to an embargo on most Russian oil imports after late-night talks at a summit in Brussels.
The president of the European Council, Charles Michel, hailed the deal as a “remarkable achievement”, after tweeting on Monday night that it “immediately covers more than two-thirds of oil imports from Russia, cutting a huge source of financing for its war machine”.