Baltic States urge EU to speed up Russian oil ban
The Baltic States are actively pressing the European Union to accelerate its ban on Russian oil imports, aiming to reduce the funding of the war in Ukraine. This demand comes amid a decline in global energy crisis concerns following the reopening of shipping routes through the Strait of Hormuz and an improvement in the oil market situation, despite some countries still relying on Russian oil and fears of rising prices and decreased competitiveness. The European Union aims to significantly reduce its dependence on Russian energy, with a commitment to end its reliance on Russian gas by 2027.
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