France is 'Ready' to Ban Russian Oil, after Dozens of Ukrainian Civilians were Killed in a Russian Massacre on a Train Station in Kramatorsk, Ukraine, on April 8th, France Finance Minister, Bruno Le Maire said.
Le Maire noted that barring Russian Oil would be a "game-changer," but explained that the Backing of the 27-Nation European Union (EU) would be needed to impose Harsher Sanctions on Russia's money-making Energy Sector.
The current EU Sanctions against Russia are "the most heavy since the creation of the European Union," Le Maire said.
EU Countries this week, agreed to Ban Russian Coal Imports, as part of a New Package of Sanctions, against Russia over its Unprovoked War with Ukraine.
European Commission President, Ursula von der Leyen, said this week, that an EU Import Ban on Russian Coal would cost Russia $4.4 billion per year.
Russia was the World's Third-Largest exporter of Coal in 2020, according to the International Energy Agency.
The Latest Round of EU Sanctions do Not target Natural Gas or Oil Imports from Russia.
"How much longer will Europe ignore the need to impose an embargo on oil supplies from Russia? This is a matter of security in all senses of the word — from environmental to military," Ukrainian President, Volodymyr Zelenskyy said, Friday in a Virtual address to the Parliament of Finland.
The European Commission, said on Friday, that it and the European External Action Service are working on additional Proposals for possible Sanctions against Russia, "including on oil imports, and are reflecting on some of the ideas presented by Member States, such as taxes or specific payments channels, such as an escrow account."
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