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The latest developments in the conflict between Russia and Ukraine. All times EDT.

1:00 a.m.: Japanese industry minister said on Tuesday that his country will not leave the Sakhalin 2 liquefied natural gas (LNG) project even if asked to leave, Reuters reported.  

The land for the project is Russia’s but the plant is owned by the Japanese government and companies, Economy, Trade and Industry Minister Koichi Hagiuda told a parliamentary committee. 

12:30 a.m.: Moscow backed separatist leader said Tuesday that Russian forces had not advanced as rapidly as they had hoped in the battle for Sievierodonetsk, the easternmost city still in Ukraine’s hands, Reuters reported citing state-run TASS news agency. 

As the Russian offensive continued across Ukraine’s eastern Donbas region, the European Union agreed to ban most imports of Russian oil, a move intended to blow a hole in the Kremlin’s war finances. 

12:15 a.m.: Russian troops continue to battle Ukrainian forces in the eastern part of the country, according to The Associated Press. 

12:01 a.m.: European Union leaders agreed late Monday to ban two-thirds of Russian oil imports as part of a compromise deal to increase pressure on Russia while accounting for the economic effects on some EU nations that are more reliant on Russian oil supplies. The embargo cuts off Russian oil delivered by sea, while exempting oil imported through pipelines. 

Landlocked Hungary had threatened to oppose restrictions on oil imports, a move that would have scuttled the effort that requires consensus of all EU members. European Council President Charles Michel said he expects EU ambassadors to formally endorse the embargo, which is part of a larger sanctions package, on Wednesday. 

Combined with pledges from countries such as Germany to phase out their Russian oil imports, European Commission President Ursula von der Leyen said the agreement will “effectively cut around 90% of oil imports from Russia to the EU by the end of the year.” 

 

Other parts of the sanction package include assets freezes and travel bans on individuals, and excluding Russia’s biggest banks, Sberbank, from the SWIFT global financial transfer system. The EU is also barring three Russian state-owned broadcasters from distributing content in EU countries. EU leaders also agreed to provide Ukraine with $9.7 billion in assistance for the country’s economy and reconstruction efforts. 

Some information in this report came from The Associated Press and Reuters.

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