The EU is considering abandoning its opposition to the expansion of oil and gas extraction activities in the Arctic region.

The European Union is considering abandoning its opposition to the new oil and gas extraction activities in the Arctic region. Reports suggest that this move is aimed at addressing the crisis in the Middle East and ensuring its own energy supply stability. Since 2021, the EU has been advocating for a global ban on new oil and gas extraction in the Arctic on environmental grounds, but is now considering abandoning this stance. Several sources have revealed to the Financial Times that this shift in position may be included in the EU's Arctic policy review to be completed in the autumn.