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EU plans to ban Russian LNG imports

Author:
Yuliia Zavadska
Date:

The European Union has proposed a new sanctions package with tough measures in the areas of energy, financial services, and trade, one of the key elements of which is a ban on LNG imports from Russia.

This was stated by the President of the European Commission Ursula von der Leyen.

According to her, the bloc is increasing economic pressure on Russia, and the sanctions are yielding results — Russiaʼs GDP is forecast to slow from 4.3% in 2024 to 0.9% in 2025.

On September 18, European Commission spokeswoman Anna-Kaisa Itkonen said that the EU is considering replacing Russian liquefied natural gas (LNG) with American. This is part of the EUʼs strategy to completely abandon Russian energy sources.

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