The EU struck a late deal to ban Russian oil imports, aiming to cut off a huge source of financing for the country’s invasion of Ukraine. It includes an immediate ban on the imports of sea-bourn oil, which accounts for two-thirds of Russian oil flowing into Europe. Following objection from Hungary, there will be a temporary exemption for oil delivered by pipeline, allowing Slovakia, the Czech Republic, and Hungary, extra time to wean themselves off Russian crude supplies. In addition to the pledges from Germany and Poland to stop oil imports via the northern part of the Druzhba pipeline, the ban will cover 90% of Russian imports by the end of the year. Russia currently provides 27% of the EU’s…