France and Germany Lead EU Push to Sanction Russian Oil Majors

France and Germany are urging the European Union to target major Russian oil companies as part of the bloc’s next package of sanctions, according to proposals seen by Bloomberg.

“Additional steps should be considered, in particular listing oil majors such as Lukoil or Litasco, in order to put maximum pressure on Moscow’s capacity to export its oil,” a document backed by Europe’s two largest economies said.