Brussels Confirms Energy Security Intact Despite US Measures Against Lukoil and Rosneft

The European Commission has stated that it does not currently see any risk to the EU’s energy security following the recent US sanctions imposed on Russian oil companies Lukoil and Rosneft.

Responding to media inquiries, Commission spokeswoman Anna-Kaisa Itkonen explained that member states are legally required to maintain oil reserves sufficient for 90 days of consumption. She added that Brussels remains in close contact with national authorities in connection with Washington’s decision last week, acknowledging that the sanctions could still have certain implications for the European market.

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