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The European Commission proposes to completely stop imports of gas and oil from Russia by the end of 2027. How it will work

Author:
Olha Bereziuk
Date:

The European Commission officially presented a legislative proposal on June 17 to end imports of Russian gas and oil by the end of 2027.

This is stated on the EC website.

The proposal envisages a phased cessation of imports of pipeline gas and liquefied natural gas (LNG) originating in Russia or exported directly or indirectly from the Russian Federation.

Member states will be required to submit diversification plans with clear steps and timelines to gradually phase out imports of Russian energy.

According to the proposed schedule:

Long-term contracts for the use of LNG terminals by customers from the Russian Federation or controlled by Russian companies will also be prohibited in order to free up capacity for alternative suppliers and increase market stability.

This proposal still needs to be supported by the European Parliament and the Council of the EU.

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