Germany’s Economy Minister Robert Habeck said late Tuesday, it is possible to manage a full embargo on Russian oil imports, as Europe contemplates a continent-wide ban that would hamper the global trade in petroleum.

The share of Russian oil in Germany’s imports has fallen to about 12%, from 35% before the invasion of Ukraine, Habeck said.

As for Germany's remaining fossil fuel dependence on Russia, he said Berlin was on track to finding an alternative coal supply to comply with the EU's embargo last month on Russian coal imports.