The European Union is preparing "smart sanctions" against Russian oil imports, The Times reported here on Monday, citing the European Commission's executive vice president, Valdis Dombrovskis.
“We are working on a sixth sanctions package and one of the issues we are considering is some form of an oil embargo. When we are imposing sanctions, we need to do so in a way that maximises pressure on Russia while minimising collateral damage on ourselves,” Dombrovskis told the Times.
