Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleThe EU plans to ban new Russian gas deals by 2025 and phase out existing contracts by 2027, aiming for energy independence.
BRUSSELS (Reuters) - The European Union will publish plans on Tuesday to ban new Russian gas deals by the end of the year, and phase out existing contracts with Moscow by end-2027, three EU officials told Reuters.
The European Commission will on Tuesday publish a "roadmap" of how it plans to end Russian fossil fuel imports by 2027. The roadmap will include a commitment to propose, in June, a ban on new Russian gas import deals and spot contracts by the end of 2025, the officials said.
The roadmap will also include a commitment to make a legal proposal to ban Russian gas and liquefied natural gas imports under existing contracts by the end of 2027, said the officials, granted anonymity to discuss the confidential plans, which could still change before they are published.
(Reporting by Kate Abnett, Lili Bayer, Editing by Charlotte Van Campenhout)
The main topic is the EU's plan to ban Russian gas imports by 2027, including new deals and existing contracts.
The EU aims to end reliance on Russian fossil fuels by 2027, proposing legal measures to ban imports.
The plans were reported by Reuters, citing three EU officials.
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