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The Independent UK
The Independent UK
National
Via AP news wire

EXPLAINER: What's the impact if Europe cuts off Russian oil?

Copyright 2022 The Associated Press. All rights reserved

The European Union's executive commission has proposed phasing out imports of Russian oil within six months. It is part of Europe's struggle to stop paying Russia $850 million a day for energy and hit the Kremlin's finances over its invasion of Ukraine.

But reversing decades of dependence on Russian oil and natural gas is not a simple matter for the 27-nation bloc. For one thing, Hungary and Slovakia, both landlocked and big users of Russian oil, have said they won't go along with the boycott.

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