London-Sana
Today, oil prices jumped about 3 percent, with the European Union announcing plans to gradually dispense with Russian oil imports.
Reuters reported that Brent crude futures rose $2.94 a barrel, or 2.8 percent, to $107.91 a barrel, amid trading in small quantities.
US West Texas Intermediate crude futures rose $3.02, or 3 percent, to $105.43 a barrel.
European Commission President Ursula von der Leyen proposed earlier in the day a gradual embargo on Russian oil due to the crisis in Ukraine, in addition to imposing sanctions on Russia's largest bank in order to further isolate Moscow.
The measures proposed by the President of the European Commission included dispensing within six months of Russian crude and refined products by the end of 2022, at a time when experts and Western media warned against this policy, which will negatively affect the economies of European countries and their citizens in the first place.
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