The European Union's ban on Russian oil supersedes a price cap, Energy Aspects analyst Amrita Sen told Bloomberg TV. : The European Union won't purchase Russian oil regardless of a price cap, Energy Aspects' Amrita Sen said, addressing confusion in the market. Starting December 5, imports of seaborne Russian oil will not be allowed into the EU. In addition, EU-based companies will not be allowed to provide insurance and shipping services for Russian oil cargoes headed anywhere in the world.