US EditionEU plans ban on new Russian gas contracts using trade law
- The European Commission will propose a legally based ban on EU imports of Russian gas and LNG by the end of 2027, excluding Hungary and Slovakia from veto power.
- The ban follows the EU's 2022 vow to end energy ties with Russia after its full-scale invasion of Ukraine and aims to bypass the need for unanimous approval.
- EU companies will have to disclose contract details such as duration, volumes, dates, and destination clauses, while Hungary and Slovakia continue opposing the measure due to energy security concerns.
- EU energy commissioner Dan Jorgensen stated the plan allows companies to invoke force majeure to break contracts without legal penalties, and most member states support the measure despite some concerns.
- The ban will effectively end Russian gas imports by January 1, 2028, with transition periods for some contracts, indicating the EU's clear move to eliminate dependency on Russian energy.
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European Union member states support the plan to abandon Russian energy imports. More and more countries see nuclear energy as a solution to Europe's energy dependence.
EU expected to ban new Russian gas contracts
The European Commission is expected to propose a ban on new Russian gas contracts, invoking a trade law instead of typical sanctions in order to avoid veto threats from Hungary and Slovakia, which import Russian gas, the Financial Times reported.The ban would force most companies to end existing short term gas agreements with Russia by 2026, and long term ones by 2028. The move comes after the Commission published a roadmap last month to phase o…
EU Readies Ban On Russian Gas Imports By 2027 - Voice of Nigeria Broadcasting Service
The European Commission is set to propose on Tuesday a ban on EU imports of Russian gas and liquefied natural gas by the end of 2027, using legal measures to ensure the plan cannot be blocked by EU members Hungary and Slovakia. The proposals will set out how the European Union plans to fix its vow into law to end decades-old energy relations with Europe’s former top gas supplier, Russia, made after Moscow’s 2022 full-scale invasion of Ukraine. A…
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