Energy and Environment

EU moves to adopt phased-in Russian oil ban

By Breanne Deppisch

Published May 2, 2022 6:24pm ET

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EU moves to adopt phased-in Russian oil ban — Hungarian Prime Minister Viktor Orban speaks with Belgium's Prime Minister Alexander De Croo and French President Emmanuel Macron in Brussels in March. EU leaders are slated to vote on a Russian oil ban as early as this week as part of their sixth round of sanctions against Moscow. (AP/Geert Vanden Wijngaert)

The European Union pushed toward adopting a Russian oil embargo this weekend, with leaders expected to vote this week on a plan to phase out all Russian crude imports by the end of 2022.

New momentum for the ban comes after Russian gas giant Gazprom cut Poland and Bulgaria off from its supply last week for refusing to pay in rubles, increasing pressure on the United States to increase its exports of liquefied natural gas to Europe.

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Biden Administration European Union Oil Russia-Ukraine War Sanctions