The European Union (EU) has decided to stop importing all Russian oil starting January 1, 2028. EU energy ministers agreed on this plan, signaling a major shift in Europe’s energy approach.
The ban will include both pipeline oil and liquefied natural gas (LNG). Short-term contracts with Russia will only be allowed until June 2026, while long-term agreements will automatically end by January 2028.
According to Lars Aagaard, Denmark’s energy minister, this step will help Europe move toward energy independence and stronger long-term energy security.
Most EU countries support the move. Germany, France, Italy, the Netherlands, and Spain see it as a path to reduce reliance on Russian energy. Hungary, however, warned that cutting off Russian imports could create a serious energy crisis in Europe.
After Russia invaded Ukraine in February 2022, it cut gas supplies to Europe, creating pressure and uncertainty. EU nations have since sought alternative energy sources, invested more in renewables, and aimed for a “Russia-free energy Europe.” The new ban is seen as a decisive end to Russia using energy as a geopolitical weapon.
Currently, the EU imports about 13% of its natural gas from Russia, worth roughly 15 billion euros per year. After the ban, Europe will need to increase imports from countries like Norway, Qatar, the U.S., and North Africa. Analysts expect some short-term price fluctuations, but in the medium term, renewables and regional cooperation should stabilize the market.
Russia relies heavily on Europe for oil and gas sales. Losing access to this market will be a major economic blow. While Russia may try to redirect exports to Asia, losing Western markets could result in long-term losses.
The 2028 ban is more than an economic move. It signals Europe’s political independence and commitment to green energy. Policy makers say energy self-reliance is no longer optional—it’s essential. This step is expected to reshape global energy markets and accelerate the transition to a greener economy.
