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Europe Sets 2027 Deadline To End Reliance On Russian Oil

Fuel Prices Rise Across Europe In Response To Russian Invasion Of Ukraine

Photo: Getty Images

Europe is giving itself five years to end its reliance on Russian oil and gas. 

European Union leaders agreed to draft proposals over the next two months that would eliminate Russian energy imports by 2027. 

This comes as the U.S. has banned all Russian oil imports over its invasion of Ukraine. 

It's something Europe can't do because the bloc currently depends on Russia for around 40% of its natural gas.


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