15 Sep 2026
EU aims to end use of Russian oil and gas by 2027
The European Union aims to reduce its dependence on Russian oil and gas by two-thirds by the end of the year and to zero by the end of 2027, EU Economic Commissioner Paolo Gentiloni told Il Messaggero daily in an interview published on Tuesday.
Gentiloni also said the EU would cut its growth estimates for 2022 from a previous target of 4%, with the EU set to release its Spring Forecast on May 16.
But the EU Economic Commissioner said it was too early to say if the slowdown will lead to a stagnation, citing "some positive factors inherited from the second part of 2021" such as a significantly low unemployment level and a very high grade of savings buildup.
"The risk of stagnation will also depend very much on the duration of the" conflict in Ukraine, he added.
Latest news
Latest newsArmenia Energy Diversification: Testing the Limits of Dependence on Russian Gas
15.Sep.2026
Tbilisi Distances Itself from Brussels as Kobakhidze Intensifies Criticism of European Policy
14.Sep.2026
Russia Fuel Crisis Gives the US a New Diplomatic Leverage Tool
14.Sep.2026
Trump Calls on Zelenskyy to Stop Strikes on Russian Oil Infrastructure
13.Sep.2026
Ukraine Expands Pressure on Russia’s Shadow Fleet: Moscow’s Oil Logistics Under Threat
13.Sep.2026
The Riga Conference: Europe Prepares for Long-Term Confrontation with Russia and Reshapes Its Security Architecture
12.Sep.2026
A “Sanctions-Resilient” Route: Modernizing Logistics in Dagestan to Strengthen the North–South Corridor
11.Sep.2026
Black Sea Shield: How the War in Ukraine Forced Romania to Rewrite Its Defense Strategy
11.Sep.2026
Moldova Accelerates EU Integration: Brussels Forced to Increase Resources
10.Sep.2026
Russia Intensifies Strikes on Ukraine After US Talks with Moscow and Kyiv
09.Sep.2026
Georgia Accelerates Middle Corridor Development: Tbilisi Bets on Transit between Asia and Europe
08.Sep.2026
Russia is Losing its Oil Buffer: The War is Beginning to Reshape the Country’s Energy Model
08.Sep.2026
Washington Opens a New Front of Pressure on Ankara: Sanctions on Turkish Bank Test the Limits of US-Turkiye Relations
07.Sep.2026
Iran is losing its main Trump Card: Hormuz is no longer an absolute lever of pressure on the Global Economy
06.Sep.2026
The China Factor in Georgia: Tbilisi Builds a New Geopolitical Pillar
06.Sep.2026