30.05.22 | Energy

EU leaders agree to cut oil imports from Russia by 90 percent this year

Brussels, 31 May 2022, dtt-net.com – Heads of state and governments of 27 member countries agreed Monday to cut most of oil imports from Russia by fall, as part of addititional sanctions over invasion of Ukraine, the President of the European Commission (EC), Ursula von der Leyen announced after a deal clinched at the meeting in Brussels. 

“I welcome the #EUCO agreement tonight on oil sanctions against Russia. This will effectively cut around 90% of oil imports from Russia to the EU by the end of the year,” she twitted.

Oil imported through pipelines is exempted due to opposition mainly by Hungary.

Russia is the largest oil supplier to the European bloc. In 2021 EU-27 oil imports from Russia represented 24.8 percent of total imports, a decrease of 0.9 percent from 2020.

30.05.22 | Energy