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US SR488
Resolution
AI Summary
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Senate resolution welcomes the EU's commitment to end dependence on Russian fossil fuels through the REPowerEU initiative, which aims to phase out Russian energy before 2028 and has already reduced EU dependence by approximately 90% since February 2022
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Welcomes Trump Administration sanctions on Russian oil companies Rosneft and Lukoil (imposed October 22, 2025) and calls on U.S. allies to terminate all contracts with these companies to avoid secondary sanctions exposure
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Expresses concern that Hungary has increased its dependence on Russian energy by an estimated 30% since February 2022, providing approximately $6.7 billion in revenues to Russia for crude oil alone between February 2022 and December 2024
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Calls on Hungary and remaining consumers of Russian energy to fully adhere to the REPowerEU timeline, which requires ending Russian gas spot contracts by end of 2025 and all Russian LNG imports by end of 2027
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Underscores continued bipartisan opposition to the Nord Stream I and II pipeline projects and any efforts to revive them
Legislative Description
A resolution expressing the sense of the Senate regarding the European Union's actions to diversify from Russian energy sources.
International affairs
Last Action
Referred to the Committee on Foreign Relations.
11/6/2025