The European Union intends to stick with its current plan to phase out Russian oil imports by January 1, 2028. This move is part of an effort to stop indirectly funding Russia’s war in Ukraine, which the EU’s energy commissioner, Dan Jorgensen, stated is the bloc’s main objective. Jorgensen also mentioned that he has not personally faced pressure from the U.S. administration to accelerate this deadline, but would welcome their support.
Challenges and Opposition within the EU
Not all EU members are on board with the plan. Hungary and Slovakia continue to import Russian crude oil via the Druzhba pipeline, as well as Russian gas, making up around 3% of the EU’s total oil demand. These two countries have opposed the phase-out, citing concerns about potential energy price hikes and shortages. Slovakia’s Prime Minister, Robert Fico, has emphasized the need for reliable supplies. However, Jorgensen confirmed that the EU can approve the phase-out plan even without the full support of Hungary and Slovakia, as the decision does not require unanimous consent.
Broader Context and International Relations
The article highlights the differing approaches of global powers. While the EU is working toward a 2028 phase-out, a White House official stated that U.S. President Donald Trump has urged European leaders to stop buying Russian oil sooner. Meanwhile, the United States has imposed tariffs on India for its continued purchases of Russian oil, a move India has described as hypocritical. The report also notes that EU purchases of Russian gas remain a more significant issue than oil, with Europe still sourcing about 13% of its gas from Russia.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Reuters
