"A draft regulation approved by European Union energy ministers would phase out Russian import contracts by January 2028. European Union states have agreed to halt Russian oil and gas imports by 2028, severing an energy link they fear helps fuel Moscow's war in Ukraine. Almost all EU energy ministers voted in favour of the draft regulation, which applies to both pipeline oil and liquefied natural gas (LNG), during a meeting in Luxembourg on Monday."
"The proposal must now be approved by the European Parliament, where it is expected to pass. The plan is part of a broader EU strategy to curb Russian energy dependence amid the war in Ukraine and follows persistent calls by United States President Donald Trump for European states to stop funding the war against themselves. Lars Aagaard, Denmark's energy minister, called the proposal a crucial step to make Europe energy independent."
EU energy ministers approved a draft regulation to phase out Russian oil and gas import contracts by January 2028. The regulation covers both pipeline oil and liquefied natural gas (LNG). Member states must stop signing new Russian gas contracts from January 2026, end existing short-term contracts by June 2026 and terminate long-term contracts by January 2028. The proposal requires approval by the European Parliament and is expected to pass. The measure aims to reduce dependence on Russian energy amid the war in Ukraine and follows calls by the US president to stop funding the war. EU oil imports from Russia have fallen to about 3 percent, while Russian gas still accounts for 13 percent of EU gas imports, costing over 15 billion euros annually. Hungary and Slovakia opposed the initiative; France, the Netherlands and Belgium are among other significant importers.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]