By Sabela Ojea

The European Union will likely agree on a Russian oil embargo deal in the coming days, the European Commission President Ursula von der Leyen said Tuesday in an interview to CNBC at the Davos Economic Forum.

"I hope we are talking about days. So what we are looking at is one or two member states that are landlocked," Ms. von der Leyen said, noting that the institution will support these states through investments in energy renewal.

Von der Leyen also said that the EU is looking into legal ways to partially seize assets of Russian oligarchs, depending on the role they played, or of the Russian government.

Regarding the Russian oil embargo, she added that the European Union is also working toward making sure Russian President Vladimir Putin isn't allowed to sell oil to other regions at higher prices.

"We are working on the oil embargo very hard," von der Leyen said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

May 24, 2022 08:43 ET (12:43 GMT)