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Europe takes a big step toward banning Russian oil and gas as Ukraine war drags on
- On June 17, the European Commission proposed a plan to gradually end Russian oil and gas imports into the EU by the end of 2027.
- The plan responds to Russia's 2022 invasion of Ukraine and aims to address EU energy dependence previously exploited by Russia.
- It bans new Russian gas contracts from January 1, 2026, phases out short- and long-term contracts, and allows pipeline import extensions for Hungary and Slovakia until 2027.
- European Commission President von der Leyen stated that Russia has consistently used its control over energy supplies as a means of coercion, describing the recent measures as a decisive step to end Europe's reliance on Russian fossil fuels.
- If approved by qualified majority, the proposal will force member states to submit diversification plans and aims to fully cut Russian fossil fuel imports without risking supply security.
24 Articles
24 Articles
The EU commission tries once again to accelerate on the road of energy independence, with a legislative proposal that aims to put an end to the imports of gas and oil from Russia by the end of 2027. From 1 January 2026, according to the roadmap, it will be forbidden to sign new contracts with Russian suppliers, while within a year all the short-term agreements still in force will have to cease and by 31 December 2027 will trigger the total block…
Europe takes a big step toward banning Russian oil and gas as Ukraine war drags on
The European Union is moving closer to banning all imports of Russian oil and natural gas more than three years after Moscow launched its unprovoked, full-scale invasion of Ukraine.
After 3 years of full-scale war in Ukraine, Europe finally lays out road map to detox from Russian oil and gas
After three years of limited measures and political hangovers, the European Union has laid out a legal roadmap to finally end its long-standing addiction to Russian oil and gas. Under a new legislative proposal announced in Strasbourg on June 17, Brussels aims to cut off all remaining imports of Russian
As a result of sanctions and price collapse, revenues from Russian fossil fuel sales abroad fell drastically over the first five months of the year.
The Hungarian government asked on Monday to remove the plan, which would end imports of Russian natural gas and crude oil by the end of 2027, from the agenda.
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