Germany to ban Russian oil regardless of EU: Bloomberg

Germany plans to stop importing Russian oil by the end of the year, even if the EU fails to agree on a ban in its next set of sanctions, Bloomberg has reported citing government officials.

“Efforts to seal deals with alternative suppliers are progressing in the chancellery in Berlin and the government is confident it can solve remaining logistical problems within the next six to seven months, according to the officials, who spoke on condition of anonymity,” Bloomberg said.