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EU Plans Trade-Law Ban on New Russian Gas Deals to Phase Out Imports by 2027

By shifting the decision to a majority vote under trade rules, the Commission plans to grant Hungary and Slovakia until 2027 to wind down existing supply contracts.

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The European Union vowed to end energy relations with Russia after Moscow’s 2022 full-scale invasion of Ukraine.

Overview

  • EU companies would be barred from signing new long-term and spot contracts for Russian gas after 2025.
  • Hungary and Slovakia would receive exemptions allowing them until 2027 to phase out their existing Russian gas supply agreements.
  • The EU roadmap calls for ending all imports of Russian gas and LNG by the end of 2027 and includes measures to boost transparency and traceability across member states' energy markets.
  • The Commission plans to require EU firms to disclose details of their Russian gas contracts, including volumes, durations and destination clauses, to enhance oversight.
  • Brussels is developing legal workarounds to prevent penalties for early contract termination and preparing financial support for companies shifting away from Russian supplies while expanding LNG imports from the US and Qatar.