uBlock doesn’t block cookies directly but it can be setup to block the domains associated with cookies. Adding the EasyList Cookie will accomplish this. It will prevent websites from setting cookies when you visit them. As far as essential cookies go, I’d assume the Easylist blocks cookies which won’t affect the websites function.
That’ll make it so you’re not bothered by banners anymore, so I’d say yes. I activate everything listed and then import others filters from filterlists.com. Here’s a link which will let you add the Easylist Cookie Lists: https://filterlists.com/lists/easylist-cookie-list
I’d recommended adding EFF’s Cookie Block List, which you can find here: https://filterlists.com/lists/eff-cookie-blocklist