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EU countries agree to permanently end gas imports from Russia in 2027

2025-12-03 07:40:00, Kosova & Bota CNA

EU countries agree to permanently end gas imports from Russia in 2027

The European Union aims to end all gas imports from Russia by the end of 2027, according to an agreement reached in Brussels between representatives of the governments of the 27 member states and the European Parliament.

Under the plan, for short-term contracts signed before June 17, 2025, the ban will take effect from April 25, 2026 for liquefied natural gas (LNG) and from June 17, 2026 for gas transported through pipelines.

For long-term LNG supply contracts, the ban will enter into force on 1 January 2027, as foreseen in the 19th package of EU sanctions against Russia. For long-term pipeline gas import contracts, imports will be banned from 30 September 2027, subject to the fulfilment of gas stock targets, and no later than 1 November 2027.

As of October, Russia was the source of around 12% of EU gas imports. In comparison, Member States imported around 45% of the gas they consumed before the Russian invasion of Ukraine in February 2022. Hungary, France and Belgium are among the Member States that continue to import Russian gas.

Foreign media reported that the European Commission intends to present an official proposal within the week on the use of blocked Russian funds to finance Ukraine, which also leaves open the possibility of joint EU borrowing from international financial markets, or a combination of the two options.

EU leaders agreed in October to cover Ukraine's "urgent financial needs" over the next two years, but stopped short of a plan to use 140 billion euros in frozen Russian funds in Europe to provide a loan to Kiev, particularly over concerns about legal risks raised by Belgium. Most of the frozen Russian funds in Europe are held in the Belgian securities depository Euroclear.

Under the Commission proposal, Ukraine would repay the loan only if Russia offered it compensation for war damages. The text is expected to be adopted on Tuesday. /CNA





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