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The European Commission will on Wednesday unveil a 210 billion euro plan for how Europe can end its reliance on Russian fossil fuels by 2027, and use the pivot away from Moscow to quicken its shift to green energy. To wean countries off …
The European Union is reaching its limits with sanctions against Russia, an EU diplomat told EURACTIV after the end of the EU foreign ministers meeting on Monday. “If there was such a mess with Russia’s oil, …
German Foreign Minister Annalena Baerbock said she expects the European Union to impose sanctions on Russian oil within the next few days. “We still have to clarify a few things. That won’t happen here today, but I’m …
Germany plans to stop importing Russian oil by the end of the year even if the European Union fails to agree on an EU-wide ban in its next set of sanctions, government officials said. Efforts to seal deals with alternative suppliers are …
Some European Union nations are saying it may be time to consider delaying a push to ban Russian oil so they can proceed with the rest of a proposed sanctions package if the bloc can’t persuade Hungary to back the embargo, Bloomberg …
Bulgaria has threatened not to support European Union’s new set of sanctions against Russia if the Balkan country does not get a derogation from the proposed ban on buying Russian oil, Deputy Prime Minister Assen Vassilev said late on …
The Group of Seven has committed to gradually put an end to its dependence from imports of Russian energy source, according to a G7 statement released on Sunday after a virtual meeting of the G7 leaders with Ukrainian President Vladimir …
Eurpoean Commission President Ursula von der Leyen said on Friday she was confident the bloc would approve a new package of sanctions against Russia. "I am confident that we will get this package on track - if it takes a day …
Germany may face a shortage of gasoline due to the embargo on Russian oil, Economy Minister Robert Habeck said, adding that the government is working on possible solutions. "Unfortunately, it cannot be ruled out that there will …
Permanent representatives of the EU member-states did not reach an agreement on the embargo of the Russian oil import and talks will continue on May 5, Reuters news agency said, citing a source. Certain EU member-countries, particularly …
As the European Union prepares a full-scale embargo on Russian oil imports, EURACTIV …
Germany threw its weight behind a European Commission proposal to impose a phased-in import ban on Russian oil. The transition period is sufficient to arrange alternatives, Economy Minister Robert Habeck told reporters on Wednesday. He …
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter. India is seeking Russian cargoes at less …
The European Union is proposing a phased-in embargo on Russian oil imports, The Wall Street Journal reported citing EU officials. "The centerpiece of the package is a proposal that the bloc’s member states stop importing …
The German government considers it possible to reject imports of Russian oil, Finance Minister Christian Lindner said, noting that this could welcome the fuel prices rise. "It cannot be ruled out, among other things, that this will …
The German government supports the plans of the European Union (EU) to impose an embargo on oil imports from Russia. During the latest preliminary talks on the sixth package of sanctions against Russia, Berlin spoke in favor of a ban, the DPA …
Germany is prepared to back a gradual ban on Russian oil as European Union countries scramble to respond to an escalating energy crisis that saw Moscow cut off gas supplies to two of the bloc’s member states, Bloomberg reported. …
Russia’s oil production this year may drop by as much as 17% amid international restrictions on buying the nation’s crude, Russian Finance Minster Anton Siluanov said. “The output will decline. By what amount? …
Despite predictions of doom for the heavily sanctioned Russian economy, Russian oil exports to Europe and nations such as India and Turkey have actually risen, Foreign Policy writes. "For now many of the same countries that are …
There is insufficient support from European Union member states for a complete embargo or punitive tariff on Russian oil and gas imports, the EU's top diplomat Josep Borrell was quoted as saying by German newspaper Die Welt on Monday. …
