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EU sticks to planned Russian oil exit by 2028, energy chief says
Published by Global Banking and Finance Review
Posted on September 5, 2025
3 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 5, 2025
3 min readLast updated: January 22, 2026
The EU plans to phase out Russian oil by 2028, despite no US pressure to expedite. Hungary and Slovakia oppose the plan, citing energy price concerns.
By Kate Abnett
COPENHAGEN (Reuters) -The European Union is sticking to its plans to phase out Russian oil by 2028, the bloc's energy chief told Reuters on Friday, adding that he had not faced pressure from Washington to bring forward this deadline.
As U.S. President Donald Trump seeks to end Russia's war with Ukraine, he told European leaders on Thursday to stop buying Russian oil, a White House official said, without specifying a date.
As Russia's most lucrative exports, its fuel revenues have helped Moscow to fund its war and the European Union is negotiating legal proposals to phase out the EU's imports of Russian oil and gas by January 1, 2028.
Energy Commissioner Dan Jorgensen, who is responsible for the EU's energy policies, told Reuters he had not personally come under pressure from the U.S. administration to halt Russian oil purchases faster than the 2028 deadline, but would welcome U.S. backing for the EU plan.
"Not only has Putin weaponised energy against us, blackmailed member states, we are actually also indirectly helping finance Putin's war, and that needs to stop. And if President Trump agrees to that, then that is only a welcome support, because that is certainly our main objective," he said in an interview.
Hungary and Slovakia import around 200,000-250,000 barrels per day of Russian oil, equivalent to around 3% of EU oil demand.
EU purchases of Russian gas remain far bigger. Europe is expected to purchase around 13% of its gas from Russia this year, down from roughly 45% before Russia's full-scale invasion of Ukraine in 2022, according to EU figures.
Reuters has requested Kremlin comment on the Trump remarks quoted by the White House official.
The United States has imposed punitive tariffs on India for its continued purchases of Russian oil, while India has accused the West of hypocrisy.
HUNGARY AND SLOVAKIA OPPOSE PHASE-OUT
Hungary and Slovakia continue to import Russian crude oil through the Druzhba pipeline, and have opposed the EU's phase-out plan - saying it would hike energy prices.
Jorgensen said he was in talks with both governments about their concerns - but that, if needed, EU countries could approve the phase-out plans without them. He declined to confirm if Brussels would offer funding or legal guarantees to attempt to win the two countries' support.
"If, for domestic reasons, there are countries that don't feel that they can support it, then this is not something that demands unanimity," Jorgensen said.
The EU proposals are designed to be passed by a reinforced majority of member countries. EU diplomats told Reuters they expect countries' energy ministers to approve them at a meeting next month.
Jorgensen will hold talks with U.S. energy secretary Chris Wright in Brussels next week, on the EU's pledge to buy $250 billion of U.S. energy supplies per year, as part of the U.S.-EU trade deal.
Analysts have said the energy purchase pledge is unrealistically high - in part, because the EU has little control over the energy its companies import.
Jorgensen said they would discuss options for how the EU and U.S. administrations can ensure the deal is implemented. For example, the Commission has said it could pool demand from European companies to buy more U.S. gas.
"It's clear that our role is to facilitate. The EU is not a gas trader," Jorgensen said.
(Reporting by Kate Abnett; editing by Jan Strupczewski and Barbara Lewis)
The European Union plans to phase out Russian oil imports by 2028, according to the bloc's energy chief.
Hungary and Slovakia are opposing the EU's phase-out plan, citing concerns that it would increase energy prices.
Analysts have suggested that the EU's pledge to purchase $250 billion of U.S. energy supplies per year may be unrealistically high due to limited control over energy imports.
The EU is expected to purchase around 13% of its gas from Russia this year, a significant decrease from approximately 45% before the invasion of Ukraine.
Energy Commissioner Dan Jorgensen is scheduled to hold talks with U.S. Energy Secretary Chris Wright to discuss the implementation of the energy supply deal.
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