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EU Unveils Plan to Ban Russian Gas Imports by 2027

The European Commission proposes legal measures to end new Russian gas contracts by 2025 and phase out existing agreements by 2027, facing resistance from Hungary and Slovakia.

Overview

  • The European Commission presented a roadmap to eliminate all Russian gas imports, including LNG, by the end of 2027.
  • Proposed measures include banning new contracts by the end of 2025 and terminating existing long-term agreements by 2027.
  • Legal challenges persist, with the EU exploring force majeure and joint-buying mechanisms to help companies exit contracts without penalties.
  • Hungary and Slovakia oppose the proposed bans, citing economic concerns and their reliance on Russian energy supplies.
  • The plan also targets Russian nuclear fuel imports and introduces mandatory reporting of contract volumes and durations to enhance transparency.