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Story summary
- The European Commission has postponed its proposal to permanently ban Russian oil imports, originally scheduled for April 15, due to ongoing geopolitical tensions.
- The proposal seeks a complete phase-out by the end of 2027, despite the EU importing only 1% of its oil from Russia as of late 2025.
- The U.S.-Israeli conflict with Iran has led to significant oil supply disruptions, increasing global prices.
- Hungary and Slovakia were the last EU countries importing Russian oil until a recent drone strike affected supplies.
- Hungarian Prime Minister Viktor Orban opposes the ban, while EU President Ursula von der Leyen cautions against resuming Russian energy purchases.
