European leaders reach an agreement on a Russian oil ban, a significant measure aimed at cracking down on Moscow

• European Union leaders reached an agreement on Monday over a Russian oil ban. 
• The significant measure is aimed at punishing Russian leadership for its invasion of Ukraine. 
• The ban will cut some 90% of oil imports from Russia to the EU by the end of 2022.

European Union leaders reached an agreement on Monday over a Russian oil ban, the head of its executive arm said on Monday, a remarkable measure that officials negotiated for months and is aimed at punishing Russian leadership for its invasion of Ukraine. 

"This will effectively cut around 90% of oil imports from Russia to the EU by the end of the year," European Commission President Ursula von der Leyen said in a tweet on Monday.

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