Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > EU to propose faster phase-out of Russian energy, von der Leyen says
    Headlines

    EU to propose faster phase-out of Russian energy, von der Leyen says

    EU to propose faster phase-out of Russian energy, von der Leyen says

    Published by Global Banking and Finance Review

    Posted on September 16, 2025

    Featured image for article about Headlines

    (Reuters) - The European Commission will propose speeding up the phase-out of Russian fossil imports, the European Union executive's head Ursula von der Leyen said on Tuesday after a call with U.S. President Donald Trump.

    Von der Leyen said that she had a call with Trump on strengthening joint efforts to increase economic pressure on Russia through additional measures.

    More than three years after Russia launched its full-scale invasion of Ukraine, the U.S. and European Union still import billions of euros worth of Russian energy and commodities, ranging from liquefied natural gas to enriched uranium.

    "The Commission will soon present its 19th package of sanctions, targeting crypto, banks, and energy," von der Leyen wrote in a post on social media platform X.

    "The Commission will propose speeding up the phase-out of Russian fossil imports," she added.

    The bloc had previously intended to end purchases of Russian oil and gas by January 1, 2028.

    The U.S. has stepped up pressure on Europe to play a more robust role in helping to end Russia's war in Ukraine.

    Trump has told the EU it should impose harsh tariffs on India and China, the biggest buyers of Russian oil, and stop importing Russian energy itself.

    U.S. Treasury Secretary Scott Bessent has said the Trump administration would not impose additional levies on Chinese goods to halt China's purchases of Russian oil unless EU nations first hit China and India with punitive duties of their own.

    (Reporting by Ananya Palyekar in Bengaluru, Lili Bayer and Julia Payne in Brussels; Editing by Leslie Adler and Marguerita Choy)

    Related Posts
    App developers urge EU action on Apple fee practices
    App developers urge EU action on Apple fee practices
    Luxury goods company Kering and Ardian finalise New York property deal
    Luxury goods company Kering and Ardian finalise New York property deal
    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports
    EU weighs scheme to allow combustion-engine vehicles after 2035, Handelsblatt reports
    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor
    Antisemitism allowed to fester in Australia, says daughter of wounded Holocaust survivor
    Human‑wave attacks and drones: How Myanmar's junta is fighting back
    Human‑wave attacks and drones: How Myanmar's junta is fighting back
    EU to relent on combustion engines ban after auto industry pressure
    EU to relent on combustion engines ban after auto industry pressure
    US suspends technology deal with Britain, FT reports
    US suspends technology deal with Britain, FT reports
    Taiwan's global credibility on the line with disputed laws, president says
    Taiwan's global credibility on the line with disputed laws, president says
    Trump sues the BBC for defamation over editing of January 6 speech, seeks up to $10 billion in damages
    Trump sues the BBC for defamation over editing of January 6 speech, seeks up to $10 billion in damages
    Europe to launch international commission for Ukraine war damages
    Europe to launch international commission for Ukraine war damages
    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
    South Korea's ADEL signs up to $1.04 billion Alzheimer's drug development deal with Sanofi
    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate
    'Battlefield' maker EA forecasts softer 2026 bookings amid slow spending, crowded holiday slate

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Britain clinches upgraded South Korea trade deal

    Britain clinches upgraded South Korea trade deal

    Bondi gunmen were inspired by Islamic State, had travelled to the Philippines, Australia police say

    Bondi gunmen were inspired by Islamic State, had travelled to the Philippines, Australia police say

    Belarus' Lukashenko says Venezuelan President Maduro is welcome to move to Belarus

    Belarus' Lukashenko says Venezuelan President Maduro is welcome to move to Belarus

    Trump says lawsuit against BBC likely to be filed soon

    Trump says lawsuit against BBC likely to be filed soon

    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports

    German parliament suffers suspected cyberattack during Zelenskiy’s visit, FT reports

    European leaders agree Ukraine security guarantees should include European-led peacekeeping force

    European leaders agree Ukraine security guarantees should include European-led peacekeeping force

    UK military chief urges Britain to better prepare for Russia threat

    UK military chief urges Britain to better prepare for Russia threat

    Ukraine says underwater drones hit submarine, but Moscow denies damage

    Ukraine says underwater drones hit submarine, but Moscow denies damage

    Serbia's prosecutor files to indict minister in connection with Kushner project

    Serbia's prosecutor files to indict minister in connection with Kushner project

    French court jails Congo ex-rebel leader for 30 years

    French court jails Congo ex-rebel leader for 30 years

    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes

    Italy's Caltagirone group strengthens governance procedure over Generali, MPS stakes

    France says cattle disease under control as farm protests continue

    France says cattle disease under control as farm protests continue

    View All Headlines Posts
    Previous Headlines PostIAEA says shelling reported near Ukraine's Zaporizhzhia nuclear plant
    Next Headlines PostMicrosoft plans $30 billion investment for UK ahead of Trump state visit