EU Commission President von der Leyen welcomes the G-7 decision to use emergency oil reserves

EU Commission President Ursula von der Leyen is relieved by the G-7 agreement on the immediate use of emergency oil reserves. “We welcome the decision of the G-7 states not to impose export bans against allies, as well as the continued solidarity between the partners,” wrote the top politician on Platform X.

At the end of September, US President Donald Trump announced that he would consider banning diesel exports, which would also affect European countries.

The release of fuel stocks coordinated by the International Energy Agency (IEA) is supported, continued von der Leyen. Europe's citizens need and deserve affordable energy. “As the G7, we will coordinate closely to achieve this goal.”

The federal government also welcomed the G-7 decision to release 100 million barrels of oil and oil products such as diesel as an important sign of the group's ability to act and unity. Government circles said on Friday evening that the release was important in order to stabilize the supply situation and market activity.

Read also

The aim now is to achieve broad participation from all partner countries of the International Energy Agency (IAE). From the Federal Government's point of view, it is important that the measures, which are primarily intended to stabilize prices, ensure that there are enough additional reserves "to continue to guarantee security of supply if necessary".

Government circles also emphasized that it was good that the USA had backed away from its threat to ban diesel exports at the video conference of the heads of the most important western industrialized countries. In addition, Washington is sticking to the sanctions it has imposed against Russia because of the attack on Ukraine.

dpa/rtr/doli