EU negotiator hopes for Russian gasoline import ban by yr’s finish

European Union vitality ministers on Monday backed a proposal to ban imports of gasoline from Russia, boosting the bloc’s efforts to additional minimize Russian revenues from vitality exports and elevating hopes for a conclusion of talks.

“An vitality unbiased Europe is a stronger and safer Europe,” mentioned Danish Vitality Minister Lars Aagaard who chaired the talks.

“Though we’ve got labored exhausting and pushed to get Russian gasoline and oil out of Europe lately, we aren’t there but,” Aagaard mentioned.

The settlement on a typical place on the import cease was wanted earlier than the invoice will be finalized with the European Parliament.

EU lawmakers already backed the proposal in a vote final week, which permits them to begin 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 top of the yr.

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, which means nations like Hungary and Slovakia, which import pipeline gasoline from Russia, will be outvoted.

It was essential that the initiative “has secured an awesome help from Europe’s vitality 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 yr Moscow nonetheless accounted for round a fifth of all gasoline imports to the EU with a rising share of LNG, in line with EU figures. Within the first half of 2025 the bloc imported LNG from Russia price virtually €4.5 billion ($5.3 billion).

Sanctions will be adopted as quickly as all 27 EU members comply with the measures with out the involvement of the European Parliament, making the legislative course of faster.

Punitive sanctions on Russia are nevertheless short-term and must be lifted as soon as the conflict in Ukraine is over and the EU now not sees a motive to penalize Moscow.

An settlement between EU nations and the European Parliament on a ban of pipeline and LNG gasoline goals to place a everlasting finish to Russian gasoline imports.