The EU has proposed some of its toughest measures yet against Russia, including a total ban on oil imports and sanctions on war crimes suspects.
European Commission President Ursula von der Leyen said the package was aimed at maximising pressure on Russia while minimising damage to Europe.
Russian crude oil would be phased out within six months, she said.
Hungary has rejected the proposal as unacceptable and the Czech and Slovak governments want a transition period.
The EU has been focusing for weeks on how to wean itself off Russian oil and gas. It has already pledged to reduce gas imports by two-thirds by the end of 2022 and now plans to phase out crude oil over six months and refined products by the end of 2022.
"We will make sure that we phase out Russian oil in an orderly fashion," the Commission president said.
The package first has to be approved by EU ambassadors and is set to be signed off in the next few days.
But Hungarian government spokesman Zoltan Kovacs said his country would veto it in its current form: "They exactly know that what they are proposing is against Hungarian interests... and if we do that we are completely going to ruin the Hungarian economy."
Slovakia as well as Hungary currently relies on Russian oil and under the initial proposal would be given until the end of 2023 to find alternative suppliers. Slovakia's economy minister said his country wanted a three-year transition period and Czech Prime Minister Petr Fiala said he would also seek a two-to-three year exemption to tackle problems with pipeline capacity.
As well as seeking a ban on Russian oil, the EU Commission president announced that sanctions would be imposed on military officers involved in suspected war crimes in Bucha and Mariupol.
"This sends another important signal to all perpetrators of the Kremlin's war: We know who you are, and you will be held accountable," Ms von der Leyen told the European Parliament on Wednesday.
There are plans for a broad ban on three of the biggest Russian state-run broadcasters.
"We have identified these TV channels as mouthpieces that amplify Putin's lies and propaganda aggressively," Ms von der Leyen said. Although the three networks were not named, they are thought to include the widely watched Russian-language Rossiya and RTR Planeta channels of state-owned operator VGTRK. The EU has already suspended two networks, RT and Sputnik, that broadcast in English, German and Spanish.
A ban would also be imposed on providing European services to Russian companies through accountants, lawyers and spin-doctors, she said.
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