The European Commission is committed to phasing out all remaining oil imports from the Russian Federation by the end of 2027, in accordance with the Versailles Declaration, to mitigate security risks and energy dependencies. The Commission intends to table a legislative proposal at the beginning of 2026 to ban oil imports from the Russian Federation as soon as possible, but not later than by end 2027. The Commission will carefully assess the potential impact of an accelerated termination of oil imports on the security of supply, economy and competitiveness of the most affected Member States. In the spirit of solidarity, the Commission will work actively with the directly affected and other relevant Member States to identify appropriate measures to minimise possible risks, facilitating access to alternative supplies. The document is dated February 2, 2026, and is identified as document 2026/268 in the L series of the Official Journal of the European Union.
Key Entities Referenced
European Commission: Committed to phasing out oil imports from Russia.
Russian Federation: The country from which oil imports are to be banned.
Versailles Declaration: Policy document guiding the phase-out of Russian oil imports.
Official Journal EN
of the European Union L series
2026/268 2.2.2026
Statement from the European Commission on future action regarding Russian oil
In order to avoid essential security risks and energy dependencies resulting from continued energy trade with the Russian
Federation, the European Commission remains committed to ensuring the phase out of all remaining oil imports from the
Russian Federation by end of 2027, in line with the Versailles Declaration.
The Commission intends to table a legislative proposal at the beginning of 2026 to ban oil imports from the Russian
Federation as soon as possible, but not later than by end 2027.
The Commission will carefully assess the potential impact of an accelerated termination of oil imports on the security of
supply, economy and competitiveness of the most affected Member States.
The Commission will work actively, in a spirit of solidarity, with the directly affected and other relevant Member States, in
order to identify appropriate measures to minimise possible risks identified in the assessment, facilitating access to
alternative supplies.
ELI: http://data.europa.eu/eli/stat/2026/268/oj 1/1