EU Chief Says the Bloc Plans to Exit Russian Oil by 2028

2025-09-10 10:05:00 ET

European Union officials are standing behind the 2028 deadline set for eliminating energy imports from Russia even as the Trump administration calls for immediate action against the Russian economy to undermine its war effort in Ukraine. EU energy commissioner Dan Jorgensen recently confirmed that Brussels is still committed to phasing out its reliance on Russian energy by January 2028, allowing the regional bloc enough time to wean itself off oil and gas imports from Russia.

Given that Russia is a major producer of oil and gas, and many countries are working to wean themselves off from its products, there is a supply gap that needs to be filled. Many companies, such as GEMXX Corp. (OTC: GEMZ) are actively exploring for new oil and…

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NOTE TO INVESTORS: The latest news and updates relating to GEMXX Corp. (OTC: GEMZ) are available in the company’s newsroom at https://ibn.fm/GEMZ

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