Headlines

Kremlin shrugs off EU plans to speed up phase-out of Russia's energy

Published by Global Banking & Finance Review

Posted on September 17, 2025

2 min read

· Last updated: January 21, 2026

Add as preferred source on Google
Kremlin shrugs off EU plans to speed up phase-out of Russia's energy
Global Banking & Finance Awards 2026 — Call for Entries

MOSCOW (Reuters) -The European Union's plans to phase out Russian energy and commodities more quickly will not affect Russia and will not force it to change its position, Kremlin spokesman Dmitry

Kremlin Dismisses EU's Accelerated Phase-Out of Russian Energy

MOSCOW (Reuters) -The European Union's plans to phase out Russian energy and commodities more quickly will not affect Russia and will not force it to change its position, Kremlin spokesman Dmitry Peskov said on Wednesday.

The head of the EU's executive, Ursula von der Leyen, said on Tuesday after a call with U.S. President Donald Trump that the European Commission would propose a faster phase-out of Russian fossil fuel imports. 

"They (European countries) mistakenly believe that the continuation of the sanctions policy is capable of somehow influencing the position of the Russian Federation," Peskov told a daily conference call with reporters.

"Russia, which defends its national interests, is certainly not affected by these sanctions. And the last three years have eloquently demonstrated this," he added.

Russia's economy has shown resilience in the face of sanctions imposed by the West over the conflict in Ukraine, though it is also grappling with persistently high inflation and a rising budget deficit partly as a result of sharply increased military spending.

Despite the sanctions, the EU still imports billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium, though its imports of Russian oil and gas have plummeted.

(Reporting by Dmitry Antonov. Writing by Vladimir Soldatkin. Editing by Mark Potter and Gareth Jones)

Key Takeaways

  • The EU plans to accelerate the phase-out of Russian energy.
  • Kremlin claims sanctions won't change Russia's position.
  • Russia's economy remains resilient despite sanctions.
  • EU still imports significant Russian energy and commodities.
  • High inflation and military spending challenge Russia's economy.

Frequently Asked Questions

What is the EU planning regarding Russian energy?
The European Union plans to propose a faster phase-out of Russian fossil fuels.
How does the Kremlin view the EU's sanctions?
The Kremlin believes that the EU's sanctions policy will not influence Russia's position and that Russia is defending its national interests.
What challenges is the Russian economy facing?
Despite showing resilience against sanctions, Russia is grappling with high inflation and a rising budget deficit.
Is the EU still importing Russian energy?
Yes, the EU continues to import billions of euros worth of Russian energy and commodities, despite the sanctions.
What has been demonstrated over the last three years regarding Russia's economy?
The last three years have shown that Russia is not significantly affected by the sanctions imposed by the West.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category