BRUSSELS (Reuters) -The European Union 's energy ministers on Monday backed the bloc's proposals to phase out Russian oil and gas imports by January 2028, the Council of the European Union said on
EU agrees to gradually end Russian gas imports by January 1, 2028
EU's Strategy to Reduce Dependence on Russian Energy
BRUSSELS (Reuters) -The European Union 's energy ministers on Monday backed the bloc's proposals to phase out Russian oil and gas imports by January 2028, the Council of the European Union said on Monday.
Details of the Phase-Out Plan
In a meeting in Luxembourg, EU energy ministers approved the plans, which would also phase out Russian gas imports under new contracts from January 2026, then existing short-term contracts from June 2026, and long-term contracts in January 2028.
Implications for the Energy Market
The EU wants to phase out Russian oil and gas imports in a bid to deprive the Kremlin of revenues to fund its war in Ukraine.
(Reporting by Bart Meijer, Kate Abnett and Inti Landauro; Editing by GV De Clercq)
