EU vows they won't import "even a single molecule" of Russian oil and gas
The EU has declared it will not import "even a single molecule" of Russian gas or oil.
Source: European Commissioner for Energy Dan Jørgensen in Warsaw, before an informal meeting of European energy ministers, as quoted by Ukrinform and reported by European Pravda
Details: Jørgensen emphasised that the EU will not allow Russia to weaponise energy or use it as a tool of blackmail.
He explained that the EU has decided to end imports of Russian energy, a move he described as vital for the bloc's security and its solidarity with Ukraine. He added that this remains a key priority on the EU's agenda.
When asked about US-Russia talks in the context of ending the war in Ukraine, and speculation about resuming imports of Russian gas to Europe, he emphasised that the EU has no intention of importing "even a single molecule" of Russian energy now or in the future.
Jørgensen underscored that the EU's position is unequivocal: it will not rely on Russian energy currently, nor will it do so after peace is achieved, sending a firm message to Moscow.
Background:
On 6 May, the European Commission presented a roadmap for the complete cessation of Russian gas imports by the end of 2027, while also minimising Russian oil imports.
However, Hungary and Slovakia continue to rely on Russian gas and oil pipelines as their primary sources.
Slovak Prime Minister Robert Fico said that the European Commission's roadmap, in its current form, is unacceptable to the Slovak government.
Hungarian Prime Minister Viktor Orbán agreed, stating that "President von der Leyen's proposal will bankrupt Europe and place an unbearable burden on Central European families".
Support Ukrainska Pravda on Patreon!
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Quantum Computing (NasdaqCM:QUBT) Names Dr. Yuping Huang As Interim CEO
Quantum Computing is experiencing notable changes with the upcoming retirement of CEO Dr. William McGann and the appointment of Dr. Yuping Huang as interim CEO. The company recently secured a subcontract with NASA and sold its EmuCore reservoir computer to a major automaker. These events could have bolstered investor confidence, as evidenced by the 36% rise in Quantum Computing's stock over the last month. This positive movement contrasts with the broader market, where major indexes like the S&P 500 and Nasdaq saw mixed performances in anticipation of US-China trade talks and tariff discussions. You should learn about the 5 weaknesses we've spotted with Quantum Computing (including 2 which are significant). We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Over the past year, Quantum Computing Inc. (QUBT) has achieved a remarkable total return of over 1000%, a very large contrast to the 15.2% return seen in the US Software industry and the 8.2% return of the broader US market. This substantial rise in share value underscores a significant investor interest, influenced by recent executive changes and high-profile contracts such as those with NASA and an automaker. These developments potentially enhance future revenue generation, suggesting a possible positive shift in earnings forecasts, despite the company's current unprofitability. However, the enduring challenge remains, as it is not anticipated to become profitable over the next three years. The recent surge in share price has brought it closer to analysts' consensus price target of US$8.50. Interestingly, the current market valuation presents QUBT at a slight discount to this target, implying that there may still be perceived upside potential by some investors. Nevertheless, the company's financial burdens, like growing losses and Nasdaq compliance issues, continue to weigh heavily on its outlook, requiring careful scrutiny for those considering this volatile yet promising sector. Navigate through the intricacies of Quantum Computing with our comprehensive balance sheet health report here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:QUBT. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
Chinese consumer prices continue to fall as US trade talks loom
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world's second biggest economy struggles with sluggish spending and global trade turmoil. Beijing has failed to boost sluggish domestic consumption since the end of the pandemic, threatening official growth targets and complicating its ability to shield its economy from US President Donald Trump's tariff blitz. Representatives from the two countries are expected to meet on Monday in London for more high-stakes trade talks being closely watched for signs of a lasting deal on reducing levies. China's consumer price index -- a key measure of inflation -- dropped 0.1 percent year on year in May, according to statistics published Monday by the National Bureau of Statistics (NBS). The reading was unchanged from April but slightly better than the 0.2 percent fall forecast in a Bloomberg survey of economists. While deflation suggests the cost of goods is falling, it poses a threat to the broader economy as consumers tend to postpone purchases under such conditions, hoping for further reductions. A lack of demand can then force companies to cut production, freeze hiring or lay off workers, while potentially also having to discount existing stocks -- dampening profitability even as costs remain the same. "China continues to face persistent deflationary pressure," Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, wrote in a note, adding that Beijing "needs to rely on domestic demand to fight the deflation". Zhang said exports continued to perform well and support the economy, while warning that they will "probably slow as the frontloading fades out" -- a reference to overseas buyers increasing shipments ahead of potentially higher tariffs. Trade figures for last month due later on Monday will also shed light on how the country's exporters are faring. Deepening a slump that has now lasted more than two years, factory gate prices also dropped in May, the NBS said Monday. The producer price index declined 3.3 percent, accelerating from a 2.7 percent drop in April, and faster than the 3.2 percent estimated in the Bloomberg survey. The China-US talks in London will mark the second round of formal negotiations between the world's two largest economies since Trump launched his global trade blitz in April. The first round of talks was held in mid-May in Geneva and saw them pause sky-high tariffs but fail to reach a sweeping trade deal. The latest negotiations are expected to include Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. They were announced after a phone call last week between Trump and Chinese President Xi Jinping, which the US president described as "very good". pfc/oho/dan
Yahoo
13 minutes ago
- Yahoo
Drone attack ignites blaze in Russia's Chuvashia Republic, media reports
Editor's Note: This is a developing story and is being updated. Explosions and massive fires followed a drone attack on the Russian city of Cheboksary in the Chuvashia Republic, Russian Telegram news channels reported in the early hours of June 9. Ukrainian drones allegedly targeted an oil depot in Cheboksary in a previous attack in March. In video footage from local residents purporting to show the June 9 strike, smoke and flames can be seen rising over the city of Cheboksary. One video, published by the Russian independent news outlet Astra, shows a drone approaching the target and making impact, causing another explosion. 0:00 / 1× Russian officials have not yet commented on the alleged attack and the Kyiv Independent could not verify the claims. Overnight drone strikes in Russia reportedly triggered flight restrictions at airports in Kazan, Nizhny Novgorod, Saratov, and Tambov. Ukraine reportedly attacked the Burevestnik oil refinery in Cheboksary on March 9, in its first reported drone attack against the Chuvashia Republic. The refinery lies over 900 kilometers (559 miles) from the Ukrainian border. Since 2022, Kyiv has launched repeated attacks against Russian refineries, which Ukraine considers to be valid military targets. In recent days, Ukraine has launched a number of strikes against military facilities in Russia, including missile bases and airfields. The most audacious and high-profile attack came on June 1, when Ukraine carried out Operation Spiderweb — a mass drone strike that simultaneously targeted four major Russian air bases, reportedly damaging 41 planes. Read also: Ukraine war latest: US expects Russia's retaliation for Operation Spiderweb to continue soon; Ukraine denies Russian troop presence in Dnipropetrovsk Oblast, describes situation as 'tense' We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.