Financial Times: The Baltic states have called on the EU to expedite the process of banning Russian oil imports.
27-06-2026 16:54 Politics
azatutyun.am Latvia, Lithuania, and Estonia have called on the EU to expedite the implementation of delayed plans to ban the import of Russian oil, reported the Financial Times, citing its sources.
According to the newspaper, the issue was discussed at the meeting of energy ministers from EU member states held on June 26.
According to the publication's sources, EU Commissioner for Energy Dan Jorgensen did not comment on the Baltic states' statement during the meeting.
After the meeting, Jorgensen stated that the current situation in the Middle East will likely allow Europe to avoid a shortage of aviation fuel.
"It should be acknowledged that even in the case of reaching an agreement, it will take several months to stabilize the situation in the oil market, and several years in the case of gas," he noted.
The Financial Times reminds that last year, EU countries agreed that the European Commission should discuss the issue of banning the import of Russian oil. However, those negotiations were halted after the US and Israel launched military operations against Iran, which led to the closure of the Strait of Hormuz. About one-fifth of global oil and gas supplies are transported through this strategic route.
The Baltic states have called for a return to discussions on this issue after the US and Iran signed a memorandum of understanding that includes the reopening of the Strait of Hormuz.
However, in recent days, the parties have accused each other of violating the ceasefire regime and have exchanged strikes following an attack on a commercial vessel in the Strait of Hormuz.
* This text was automatically translated by Artificial Intelligence (AI).
