The European Union delays the proposal to permanently ban the import of Russian oil, originally scheduled for April 15.

robot
Abstract generation in progress

In line with the European Union legislative agenda updated on Tuesday, the European Commission will no longer submit, as originally planned on April 15, a legislative proposal to permanently ban imports of Russian oil due to the Russia-Ukraine conflict.

However, an EU official said the proposal has not been canceled and will still be published, but, due to “the current geopolitical situation,” its release date will no longer be in mid-April.

The International Energy Agency (IEA) said that the war between the United States and Israel against Iran is causing the largest oil supply disruptions in history, driving global crude oil prices sharply higher.

The proposal will, through legislative means, require a complete halt to imports of Russian oil no later than the end of 2027. The EU has previously passed legislation requiring a halt to natural gas imports from Russia no later than the end of 2027.

The measure is expected to have limited immediate impact on physical supply. As of the fourth quarter of 2025, only 1% of the EU’s crude oil imports come from Russia. Since the Russia-Ukraine conflict began in 2022, the EU has greatly reduced imports from Russia.

However, Brussels wants to enshrine a comprehensive stop to imports of Russian oil in law and ensure that the requirement remains in force—even if the Russia-Ukraine conflict eventually ends with a peace agreement, paving the way for the EU to lift sanctions.

The originally scheduled submission date of April 15 falls three days after the end of Hungary’s parliamentary elections. With the Russia-Ukraine conflict ongoing, Hungary’s prime minister, Viktor Orbán, still maintains friendly relations with Moscow, and he strongly opposes any ban.

EU Commission President Ursula von der Leyen said this month that returning to a situation of reliance on Russian energy would be a “strategic mistake,” making Europe more vulnerable.

Sina partners with a major platform for futures account opening—safe, quick, and with reliable protection

Massive amounts of information and precise analysis—right on the Sina Finance app

责任编辑:李桐

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin