Overview

• The Commission’s plan, unveiled on June 17, sets new gas contracts to end January 1, 2026, existing short-term deals to cease June 17, 2026, and long-term imports to halt December 31, 2027.
• Hungary and Slovakia, which depend on Russia for about 80% of their oil supplies and lack maritime access, are exempt from the ban until late 2027.
• Importers must report detailed data on contract volumes, suppliers and countries of origin to both EU and national authorities under new transparency rules.
• Brussels can authorize limited temporary suspensions of the ban if sudden, serious risks threaten the energy security of one or two member states.
• The regulation now proceeds to the European Parliament and Council for qualified-majority approval and requires member states to submit national diversification plans by March 1, 2026.