Breaking: Germany to Cut Off Russian Oil Imports by Year End

Germany announced Wednesday that it plans to end oil imports from Russia by the end of the year and will then begin phasing out Russian gas imports, charting a path to energy independence from Moscow amid its ongoing invasion of Ukraine.

“We are actively working to get independent from the import of (Russian) oil and we think that we will be able to make it during this year,” Chancellor Olaf Scholz said during a press briefing in London with British Prime Minister Boris Johnson, Reuters reported.

The European Union unveiled new sanctions against Russia this week, including a ban on coal imports beginning in August, in retaliation for the country’s aggression. European countries like Germany have started to reduce their reliance on Russian energy given the volatility the market has experienced since the war on Ukraine began.

“I therefore say here clearly and unequivocally yes, Germany is also completely phasing out Russian energy imports,” German Foreign Minister Annalena Baerbock said after a meeting with representatives from the Baltic states Wednesday.

“We will halve oil by the summer and will be at zero by the end of the year, and then gas will follow, in a joint European roadmap, because our joint exit, the complete exit of the European Union, is our common strength,” she added.

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Germany to Cut Off Russian Oil Imports by Year End

The ban on Russian oil will be followed by a ban on gas imports from the country, German officials ... READ MORE

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