The European Union is moving closer to banning all imports of Russian oil and natural gas more than three years after Moscow launched its unprovoked, full-scale invasion of Ukraine.

Russian gas accounted for about 19% of EU imports last year, down from roughly 45% before Moscow’s invasion of Ukraine and oil imports have declined to 3% from 27% in early 2022.

On 17 June, the European Commission officially presented a legislative proposal to gradually end imports of Russian gas and oil by the end of 2027. Source: press service for the European Commission, as reported by European Pravda Details: The proposed regulation outlines a stepwise phase-out of pipeline gas and liquefied natural gas (LNG)