EU Seeks to End Russian Oil Purchases, Von der Leyen Says

Energy Policy & Sanctions - The EU has already significantly reduced gas supply from Russia, completely eliminated Russian coal imports, and substantially decreased oil supply [1] - The EU is targeting remaining Russian LNG imports and oil supplies with sanctions on ports and tariffs, aiming to eliminate them entirely [2] - The EU aims to phase out Russian energy supplies earlier than initially planned, ideally by the end of the year [3] - Proposed sanctions are under consideration by member states, emphasizing the urgency to act quickly as payments to Russia are funding its war efforts [3]