Displaying items by tag: EU Proposal

Thursday, 05 May 2022 23:58

EU ban on Russian energy

EU countries rely on energy from Russia more than any other nations. Now, after weeks of speculation about how far the bloc would go in imposing economic sanctions that could harm its own member states, Ursula von der Leyen announced, ‘Today we propose to ban all Russian oil from Europe.’ The ban would hit the pillar of Russia's economy by phasing out imports of Russian crude oil to Europe within six months and stopping the flow of refined oil by year's end. It would put enormous pressure on the EU's 27 members to find new energy sources and cope with whatever retaliatory moves Russia imposes in return. Even though the EU relies on Russia more than others to fulfil their energy needs, we can pray for the bloc to support Ukraine and end all funding of Russia's war machine. Pray also for EU citizens to accept the inevitable price rises and potential fuel shortages.

Published in Europe