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Live: EU leaders return to the summit table after backing watered-down Russian oil ban

European Union leaders are set to discuss the bloc's defence and food security as a consequence of Russia's war in Ukraine after agreeing on a deal to wean themselves off Russian oil.

It took 26 days but EU leaders finally managed to come to a compromise on the sixth round of sanctions targeting Moscow which should result in imports of Russian crude oil being cut by up to 90% by the end of the year.

The deal, announced just before midnight, represents a significant win for Hungary and other landlocked member states which secured a carve-out and can continue to import Russian oil via pipeline.

Follow the live developments from day two of the summit in the blog below:

The embargo will target only seaborne imports, while excluding pipeline supplies.

Around two thirds of Russian oil imported to the EU is shipped in via ports, with the rest coming directly through the Druzhba pipeline, a massive conduit that directly feeds refineries in Poland, Hungary, Slovakia, the Czech Republic and Germany. These refineries have for decades grown accustomed to the reliable and comparably cheap deliveries of a specific type of Russian oil. 

Von der Leyen said that, by the end of the year, over 90% of Russian oil will have been targeted, based on individual commitments made by Poland and Germany, who have pledged to ban their imports from Druzhba's Northern branch.

The latest raft also includes the expulsion of Sberbank, Russia's largest bank, from the SWIFT system and the blacklisting of individuals involved in alleged war crimes committed in Ukraine.

READ MORE HERE.

Good morning and welcome to day 2 of the EU Council summit in Brussels. I'm Alice Tidey and I'll be taking you through the day as leaders, fresh from agreeing on a sixth round of

Read more on euronews.com