Committees of the European Parliament have supported proposals for the EU's full rejection of Russian gasoline and oil.
Supply: press service for the European Parliament, as reported by European Pravda
Particulars: On 16 October, the Committees on Business, Analysis and Vitality and on Worldwide Commerce authorised draft plans to ban imports of any Russian gasoline, together with LNG, into the EU from 1 January 2026.
Sure exceptions are offered just for current short-term contracts (till 17 June 2026) and long-term contracts (till 1 January 2027), offered they have been signed earlier than 17 June 2025.
The proposed measures permit vitality operators to terminate contracts by invoking drive majeure, which can embody a legally binding ban on additional imports.
The draft additionally proposes banning the short-term storage of Russian-origin gasoline throughout the EU from 1 January 2026.
To shut loopholes and scale back the chance of circumvention, operators shall be required to offer extra detailed proof of the nation of origin.
From the identical date, the import of all Russian oil and petroleum merchandise can be to be banned, alongside extra safeguards and more durable penalties for bypassing the restrictions.
As well as, MEPs eliminated a clause that may have allowed the European Fee to quickly droop the import ban in conditions posing a menace to the EU's vitality safety.
The laws was adopted by 83 votes in favour, 9 in opposition to, and 1 abstention.
The press service famous that MEPs backed the choice on the grounds that Russia has systematically used its vitality assets as a weapon for 20 years, a observe that has intensified since its full-scale invasion of Ukraine.
Background:
- The EU can be negotiating a brand new sanctions bundle in opposition to Russia that may ban imports of liquefied pure gasoline a 12 months earlier, from January 2027.
- The brand new sanctions bundle additionally proposes blacklisting greater than 100 vessels belonging to Russia's shadow fleet.
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