Overview

• The European Commission proposal would block new spot LNG deals by the end of 2025 and phase out all Russian pipeline and LNG imports by December 2027
• Eurostat figures show €32.7 billion of Russian LNG entered the EU from February 2022 to March 2025 while US LNG imports reached €95.1 billion over the same period
• Commission officials say the measures will be designed to avoid significant consumer price rises as the bloc pivots toward increased US liquefied gas supplies
• Analysis by the Institut der deutschen Wirtschaft indicates Russia boosted its exports by nearly 20 percent in 2024, earning around $330 billion despite 17 EU sanctions packages
• Members of the European Parliament including Marie-Agnes Strack-Zimmermann are urging an immediate ban on Russian LNG to align import rules with the bloc’s sanctions policy