EU moves to ban Russian energy imports by 2028
Summary
The European Union has agreed to stop importing oil and gas from Russia by 2028. This decision is part of an effort to reduce reliance on Russian energy, which is believed to support Russia's actions in Ukraine. The proposal will need approval from the European Parliament.Key Facts
- The EU plans to end Russian oil and gas imports by 2028.
- EU energy ministers mostly voted for this plan during a meeting in Luxembourg.
- The plan targets both pipeline oil and liquefied natural gas (LNG).
- New Russian gas contracts will end by January 2026, short-term ones by June 2026, and long-term ones by January 2028.
- Approval from the European Parliament is still needed for the plan to take effect.
- President Trump has urged Europe to cut ties with Russian energy.
- Russian gas accounts for 13% of EU gas imports, costing over 15 billion euros yearly.
- Hungary and Slovakia opposed the plan, but it passed with a weighted majority vote.
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