Source: Reuters (via feed)
The European Commission plans to submit a legal proposal to permanently ban imports of Russian oil on April 15. This move comes three days after Hungary’s parliamentary election, according to EU officials and a document reviewed by Reuters. The proposal aims to make a ban on Russian oil lasting and formal within EU laws.
Hungary opposed earlier efforts to restrict Russian oil supplies, leading to a delay in a permanent decision. However, the Commission now appears ready to advance the proposal regardless of Hungary’s position. The move follows temporary measures and partial embargoes on some Russian oil products.
The plan will be subject to approval by EU member states and the European Parliament. It indicates ongoing efforts by the EU to reduce dependency on Russian energy in light of geopolitical tensions. Details of the proposal, including its scope and timeline, have yet to be publicly disclosed.
The announcement highlights the intersection of EU energy policy with political events in member countries. The outcome of Hungary’s election might influence the timing but not the Commission’s intent to push for a permanent ban.
The EU’s permanent ban proposal on Russian oil could affect global energy markets and supply chains. It reflects geopolitical factors influencing economic and trade policies within the bloc.
