The European Commission has announced its plan to eliminate regional imports of Russian oil gradually. The ban is part of the sixth proposed European Union sanction package imposed on Russia for its aggression against Ukraine.

The proposal is yet to be approved by the members of the 27-nation bloc as it intends to gradually phase out Russian oil imports before instituting a total ban after six months. Surprisingly, Germany, Europe’s largest economy, which has highly been reliant on Russian oil, has backed the proposal.

“We are also pushing within the EU to now phase out oil together as Europe in the EU’s sixth sanctions package,” German Foreign Minister Annalena Baerbock said.

The crackdown on oil and other Russian petroleum products is the centerpiece of this round of EU sanctions, which also includes the removal of Sberbank, Russia’s largest bank, and two others from the SWIFT international payment system. This is a follow-up to an initial batch of Russian banks that were removed from SWIFT during the first weeks of the war in Ukraine.

A draft of the proposal was disseminated to EU members on Tuesday and is scheduled to be discussed by their respective ambassadors this Wednesday. According to officials and EU diplomats, a decision is expected to be made by the end of the week.

All member-states must agree on the terms of the proposal for it to pass. This clause, combined with Europe’s dependency on Russian energy, has hampered the region’s ability to attack the primary driver of Putin’s war machine – oil revenue.

The European Union sucks up about 3 or 3.5 million barrels of Russian oil every day. This translates to approximately 35% of the region’s total oil supply being imported from Russia in 2020, along with 20% of its coal and 40% of its natural gas.