'Maximise pressure on Russia': European Union preps Russian oil embargo within six months

Cecilia Keating
clock • 3 min read
Russia supplies Europe with a quarter of its crude oil and 40 per cent of its fossil gas | Credit: iStock
Image:

Russia supplies Europe with a quarter of its crude oil and 40 per cent of its fossil gas | Credit: iStock

Member states set to debate proposal to phase out imports of Russian crude within six months

The European Union has vowed to ban imports of Russian oil within six months, and associated refined products within a year, in a bid to significantly ramp up economic pressure on Moscow over its illegal...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Uncertainties, risks, and 'unparalleled economic opportunity': Energy Systems Catapult's blueprint for net zero Britain

Uncertainties, risks, and 'unparalleled economic opportunity': Energy Systems Catapult's blueprint for net zero Britain

Uncertainty surrounds the technology mix needed to build a net zero energy system by 2050, but according to a major new analysis getting there remains affordable and would deliver huge benefits

Michael Holder
clock 16 April 2024 • 12 min read
Octopus Energy powers up free drinks offer at Caffè Nero

Octopus Energy powers up free drinks offer at Caffè Nero

High street coffee chain becomes latest to sign up to Octoplus, which rewards Octopus Energy customers for using less energy at home

BusinessGreen staff
clock 16 April 2024 • 2 min read
Deep sea mining: Meet the CEO at the heart of the fight over the ocean floor

Deep sea mining: Meet the CEO at the heart of the fight over the ocean floor

The Metals Company’s Gerard Barron makes the environmental case for mining for transition minerals under the seabed

Cecilia Keating
clock 15 April 2024 • 13 min read