European Commission President Ursula von der Leyen also proposed that Sberbank, Russia's largest bank, and two other major banks be disconnected from the SWIFT international banking payment system, according to NPR radio website.
Von der Leyen said Sberbank holds around 37% of the Russian banking sector, adding that two other major banks in Russia would also be de-SWIFTed.
Von der Leyen, addressing the European Parliament in Strasbourg, France, called on the EU's member nations to phase out imports of crude oil within six months and refined products by the end of the year.
"We will make sure that we phase out Russian oil in an orderly fashion, in a way that allows us and our partners to secure alternative supply routes and minimizes the impact on global markets," von der Leyen said.
The proposals need to be unanimously approved to take effect and are likely to be the subject of fierce debate. Von der Leyen conceded that getting all 27 member countries — some of them landlocked and highly dependent on Russia for energy supplies — to agree on oil sanctions "will not be easy."
"We are banning three big Russian state-owned broadcasters from our airwaves. They will not be allowed to distribute their content anymore in the EU, in whatever shape or form be it on cable, via satellite, on the internet or via smartphone apps."
She didn't name the broadcasters directly.
Von der Leyen also said that the EU should target high-ranking military officers.
MP/PR