EconomyEnergyPolitics The EU will quickly current its plan to section out Russian oil and fuel imports. Wednesday, April 16, 2025

The EU intends to unveil an in depth technique in Could for the elimination of Russian oil and fuel imports by 2027, pushed by Russia’s full-scale invasion of Ukraine. Nonetheless, the European Fee has delayed the roadmap’s publication, partly because of uncertainty surrounding tariffs initiated, after which paused, by US President Donald Trump. Whereas Russian pipeline fuel provides have sharply decreased since 2022, the EU elevated its imports of Russian liquefied pure fuel (LNG) final yr.

The plan, scheduled for presentation on Could 6, will embody choices for reducing imports of Russian vitality assets. The European Fee might suggest using quotas or tariffs. A whole rejection of Russian fuel would result in elevated EU purchases from various suppliers, together with the US. EC consultant Anna-Kaisa Itkonen emphasised that the EU’s plan to stop importing Russian vitality additionally encompasses halting LNG provides. Moreover, the EC is reviewing the bloc’s Russian fuel contracts and contemplating declaring power majeure, which might enable importers to exit their obligations with out incurring extra charges.