EU to Approve Plan on October 20 to Cut Russian Oil and Gas Dependence
EU ministers are set to approve a plan on October 20 to reduce dependence on Russian oil and gas. Hungary and Slovakia are among the countries required to end Russian oil imports by 2028, with specific measures in place for short and long-term contracts.
The EU has agreed on a plan to gradually reduce Russian oil and gas imports. A qualified majority of at least 55% of EU countries is needed for approval. While Hungary and Slovakia are highlighted due to their significant reliance on Russian oil imports, other EU states will also have to reduce their dependence, although specific countries are not yet named.
The plan aims to fully implement the reduction by January 2028. Imports under existing short-term contracts will end by June 2026, and long-term contracts by January 2028. Measures are also included to prevent Russian liquefied natural gas imports. Turkey has expressed its intention to significantly reduce its dependence on Russian gas by the end of 2028.
The EU will halt imports of Russian gas under new contracts from January 2026. Hungary and Slovakia must develop national plans to end Russian oil imports by 2028, with the EU reviewing and approving the plan on October 20.
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