Von Der Leyen Says EU Plans to Phase Out Russian Oil

The video discusses measures against Russia, including listing war criminals, imposing sanctions on major Russian banks, banning Russian state-owned broadcasters in the EU, stopping European services to Russian companies, and phasing out dependency on Russian oil. These actions aim to isolate Russia financially and economically, while supporting Ukraine's resilience and minimizing global market impact.

What is the significance of targeting Sparebank and other major banks in Russia?

In what ways is the European Union planning to minimize the impact of sanctions on its own economy?