Finance
EU Commission delays announcing plan to phase out Russian energy imports
Published by Global Banking & Finance Review®
Posted on March 5, 2025
2 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 5, 2025
2 min readLast updated: January 25, 2026
The EU Commission has postponed its plan to phase out Russian energy imports, balancing energy security and competitive pricing.
BRUSSELS (Reuters) - The European Commission has, for a second time, delayed an announcement of its plan to phase out the region's reliance on Russian energy imports from March 26 to an unspecified date, a schedule showed on Wednesday.
The Commission declined to comment on a new date.
Energy Commissioner Dan Jorgensen said in November at a parliamentary hearing that he would present the plan during his first 100 days in the post, but this has now been pushed back twice. The plan was first slated to be announced in February.
The EU set itself a non-binding goal to end Russian natural gas imports by 2027 after Russia launched its full-scale invasion of Ukraine in 2022. However, some member states have done little to diversify and Russian gas imports rose last year.
The 27-member bloc faces the difficult task of balancing energy security while lowering prices to keep its industries competitive with rivals in China and the United States, where energy costs are several times lower.
The Commission plans to announce an extension of gas storage targets later on Wednesday. Some critics say the targets risk pushing up already high gas prices and should be made flexible.
(Reporting by Julia Payne; Editing by Bernadette Baum)
The European Commission has delayed its announcement of a plan to phase out reliance on Russian energy imports for the second time, moving it from March 26 to an unspecified later date.
The EU set a non-binding goal to end Russian natural gas imports by 2027 following Russia's invasion of Ukraine in 2022.
The 27-member bloc faces the challenge of balancing energy security while keeping prices low to maintain competitiveness with rivals in China and the United States.
Critics argue that the Commission's plans for gas storage targets could push up already high gas prices and suggest that these targets should be made more flexible.
Energy Commissioner Dan Jorgensen mentioned in November that he would present the plan during his first 100 days in office, but this has now been postponed twice.
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