Updated
Updated · Kyiv Post · Jun 27
Baltic States Press EU to Fast-Track Russian Oil Ban as Remaining 2% Still Totals 9.7 Million Tons
Updated
Updated · Kyiv Post · Jun 27

Baltic States Press EU to Fast-Track Russian Oil Ban as Remaining 2% Still Totals 9.7 Million Tons

3 articles · Updated · Kyiv Post · Jun 27

Summary

  • Estonia, Latvia and Lithuania formally pushed EU energy ministers on Friday to speed a Russian oil import ban, arguing it would further cut Moscow’s war funding and Europe’s residual dependence.
  • EU data shows Russian oil’s share of bloc imports has already dropped from 27% in early 2022 to 2% in 2025, but that still equals about 9.7 million tons of crude.
  • Dan Jørgensen did not directly answer the Baltic call in closed-door talks, though the European Commission said it is preparing a proposal after an April 15 oil-ban plan was pulled from the agenda in March.
  • Energy security concerns have complicated the timing: the FT said the broader Iran crisis stalled oil-embargo planning, while officials warned damage in supplier states such as Qatar could slow any supply recovery.
  • The push comes as Ukraine’s sanctions envoy said Russia’s January-May oil and gas revenues were 30% lower year on year, even as the Kremlin insists the economy remains stable.

Insights

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