US EditionEU to set 2027 deadline for severing energy contracts with Russia
- The EU is set to unveil a plan this week aimed at completely ending gas imports from Russia across its member countries by the close of 2027.
- This initiative follows over three years since the 2022 Russian invasion of Ukraine, which led to a drop in Russian gas to about 19% of EU imports from 40% pre-2022.
- The European Commission is exploring legal measures, including allowing force majeure declarations to let companies exit Russian contracts, while also aiming to ban new agreements.
- Despite the plan, some countries like Hungary and Slovakia oppose new sanctions and continue imports via pipelines like TurkStream, complicating unanimous approval for energy sanctions.
- The roadmap's success depends on securing alternative LNG sources and managing legal, political, and market challenges linked to the bloc's reliance on Russian gas.
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Total News Sources49
Leaning Left6Leaning Right4Center3Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 23%
R 31%
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