russian oil ban

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Postpone proposal to ban Russian oil in EU amid rising prices

The European Commission announced the postponement of a long-awaited proposal to permanently ban Russian oil imports due to the ongoing war in the Middle East and its significant impact on energy markets. This decision comes at a critical time as Brent crude prices exceed $100 per barrel.

Postpone Proposal to Ban Russian Oil Imports in EU

The European Commission announced the postponement of a legal proposal to permanently ban Russian oil imports, initially scheduled for April 15, due to current geopolitical developments. However, an EU official confirmed that the proposal has not been canceled and will be published later.