European Commission Postpones April Proposal to Ban Russian Oil Imports
The European Commission postponed its permanent Russian oil ban proposal due to Middle East conflict shocks and a pipeline dispute with Hungary and Slovakia, with imports down to 1%, officials said.
- The European Commission postponed its April 15 presentation of a legal proposal to permanently ban Russian oil imports, removing the date from the REPowerEU roadmap due to energy market disruptions.
- Market volatility from the Middle East war prompted the delay, as the International Energy Agency reported the largest-ever energy supply disruption, sending Brent crude prices above $100 per barrel.
- Brussels remains committed to enshrining a full phase-out of Russian oil into law by end-2027, though the measure would have little immediate impact since the European Union reduced imports to 1% by late 2025.
42 Articles
42 Articles
EU delays April 15 proposal to permanently ban Russian oil imports
The European Commission will no longer submit a legal proposal to permanently ban Russian oil imports over Moscow's war in Ukraine on April 15 as previously planned, an updated EU legislative agenda showed on Tuesday.
EU Faces Energy Headache: Russian Oil Ban Postponed, Fuel Prices Surge - Novinite.com - Sofia News Agency
The European Commission has postponed the planned proposal to permanently ban Russian oil imports, amid rising energy prices driven by the ongoing conflict in the Middle East. The delay also reflects tensions with Hungary and Slovakia, the only two EU states still purchasing Russian oil, over the Soviet-era Druzhba pipeline. The legislation was initially scheduled for April 15 but has now been removed from the calendar....
European Union pushes back proposal to ban Russian oil
The European Union has postponed a law to permanently ban Russian oil. The delay is due to rapidly rising oil and gas prices following America’s and Israel’s attack on Iran and the blocking of the Strait of Hormuz. The war in Iran has pushed oil prices above the psychological $100 ceiling. On one occasion last week, the Brent crude price exceeded $119 per barrel. Consequently, the European Commission has decided to delay the presentation of the…
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