Overview
- The European Commission has proposed a two-phase plan to ban new Russian gas contracts by 2025 and phase out all Russian energy imports by 2027.
- Slovakia and Hungary strongly oppose the plan, with Slovak Prime Minister Robert Fico calling it 'economic suicide' and vowing to veto the measures.
- Russian energy still accounted for 19% of the EU's gas supply in 2024, despite a significant decrease from pre-2022 levels when it supplied 45%.
- The EU's legislative proposals, requiring approval in June, face resistance but cannot be blocked by individual countries due to majority voting rules.
- Reports indicate U.S. and Russian officials are in preliminary talks about resuming Russian gas flows to Europe as part of potential Ukraine peace negotiations.