SEATTLE (Oil Monster): Donald Trump, the president of the United States, reaffirmed his demand that European countries cease purchasing Russian crude oil.
He warned that European nations should not purchase Russian oil during a dinner speech in Mount Vernon, Virginia, following his meeting with UK Prime Minister Keir Starmer. The irony is that the people his nation is fighting for are seen purchasing oil from Russia, which he claimed should be halted. Nevertheless, he stated that the United States is eager to increase economic pressure on Russia.
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Since Russia invaded Ukraine in 2022, the majority of European countries have ceased buying crude directly from Russia. Small amounts still enter Eastern European nations, nevertheless. Through the Druzhba pipeline, landlocked Hungary and Slovakia continue to purchase oil from Russia.
Beginning next year, the EU bloc's member states will no longer be able to import petroleum products that have been processed from Russian oil. Additionally, negotiations are underway to achieve a definitive decision regarding the imposition of a ban on the import of Russian LNG starting in 2027.
According to official data supplied by the European Commission (EC), the proportion of Russian oil in the EU's total crude oil imports has substantially decreased from 27% prior to the start of the war to just 3% at this time.
