Published 3 months ago • loading... • Updated 3 months ago
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.