European Union leaders agreed to pursue a ban that would halt the imports of most Russian oil, in a move designed to hit the country’s coffers and pave the way for a sixth package of sanctions to punish it and President Vladimir Putin for the invasion of Ukraine. Oil headed for the longest run of monthly gains in more than a decade on the EU’s move that was reached during a leaders’ summit in Brussels. Members overcame objections from Hungary, which had been blocking an embargo as it sought assurances its energy supplies wouldn’t be disrupted. President Joe Biden said the US would not send Ukraine “rocket systems that can strike into Russia,” seemingly quashing reports the administration would consider long-range weapons in a new assistance package. Ukraine has repeatedly called for more offensive weapons as it battles Russian troops in the east. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake