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The EU has finalized the timeline for the "cut-off" of Russian energy: a complete halt to imports of Russian oil and gas by 2028.
Jin10 reported on October 20 that the European Council announced on Monday that the energy ministers of EU member states approved a proposal to gradually stop importing Russian oil and gas before January 1, 2028. The EU energy ministers approved the plan during a meeting held in Luxembourg, under which the EU will gradually stop importing Russian gas under new contracts starting from January 2026, existing short-term contracts will terminate from June 2026, and long-term contracts will end in January 2028. The EU hopes to cut off the Kremlin's revenue source for funding the Russia-Ukraine conflict by gradually halting imports of Russian oil and gas.