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European Union power ministers on Monday backed a proposal to ban imports of gasoline from Russia, boosting the bloc’s efforts to additional lower Russian revenues from power exports and elevating hopes for a conclusion of talks.
“An power unbiased Europe is a stronger and safer Europe,” mentioned Danish Vitality Minister Lars Aagaard who chaired the talks.
“Though we now have labored onerous and pushed to get Russian gasoline and oil out of Europe lately, we aren’t there but,” Aagaard mentioned.
The settlement on a standard place on the import cease was wanted earlier than the invoice could be finalized with the European Parliament.
EU lawmakers already backed the proposal in a vote final week, which permits them to start out negotiations with capitals.
Aagaard, who will probably be one of many lead negotiators, mentioned it is his “clear ambition” to conclude the negotiations earlier than the tip of the 12 months.
Underneath the proposal, imports of pipeline gasoline and liquefied pure gasoline (LNG) from Russia could be completely banned from 2028 on the newest.
The ban to be negotiated with the European Parliament will probably be adopted by majority vote, that means international locations like Hungary and Slovakia, which import pipeline gasoline from Russia, could be outvoted.
It was essential that the initiative “has secured an awesome help from Europe’s power ministers,” Aagaard mentioned on Monday.
Parallel efforts are underway for an earlier ban of LNG imports as a part of the EU’s upcoming sanctions package deal on Russia.
Final 12 months Moscow nonetheless accounted for round a fifth of all gasoline imports to the EU with a rising share of LNG, based on EU figures. Within the first half of 2025 the bloc imported LNG from Russia value virtually €4.5 billion ($5.3 billion).
Sanctions could be adopted as quickly as all 27 EU members conform to the measures with out the involvement of the European Parliament, making the legislative course of faster.
Punitive sanctions on Russia are nevertheless momentary and need to be lifted as soon as the battle in Ukraine is over and the EU not sees a motive to penalize Moscow.
An settlement between EU international locations and the European Parliament on a ban of pipeline and LNG gasoline goals to place a everlasting finish to Russian gas imports.
Katherina Reiche, Germany’s Minister for Financial Affairs and Vitality, attends the EU Ministers accountable for Vitality assembly in Luxembourg. Francois Lenoir/European Council/dpa
A view of the EU Ministers accountable for Vitality assembly in Luxembourg. Francois Lenoir/European Council/dpa
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