EU prepares next Russia sanctions including German-backed oil ban

Azovstal steel plant employee Valeria, last name withheld, evacuated from Mariupol, hugs her son Matvey, who had earlier left the city with his relatives, as they meet at a temporary accommodation centre during Ukraine-Russia conflict in the village of Bezimenne in the Donetsk Region, Ukraine May 1, 2022. REUTERS/Alexander Ermochenko

KYIV/LVIV (Reuters) -The European Union was preparing sanctions on Russian oil sales over its invasion of Ukraine after a major shift on Monday by Germany, Russia's biggest energy customer, that could deprive Moscow of a large revenue stream within days.

The European Commission is expected to propose a sixth package of EU sanctions this week against Russia over its Feb. 24 invasion of Ukraine, including a possible embargo on buying Russian oil.