EU leaders agree to exempt Hungary from Russian oil embargo

European Union leaders reached a late-night agreement Monday on cutting 90% of Russian oil imports and exempting crude oil transported by pipeline to Hungary under the measures, the president of the European Commission announced.

“I'm very glad that the leaders were able to agree in principle on the sixth sanctions package,” Ursula von der Leyen told reporters following the first day of an EU summit.

According to the conclusions of the summit, the EU leaders agreed “that the sixth package of sanctions against Russia will cover crude oil as well as petroleum products delivered from Russia into Member States, with a temporary exception for crude oil delivered by pipeline.”

As Von der Leyen explained, the EU ambassadors will be “able to finalize a ban on almost 90% of all Russian oil imports by the end of the year” by agreeing on the technical details later this week.