Headlines
EU Parliament approves phase out of Russian gas imports
Published by Global Banking and Finance Review
Posted on December 17, 2025
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 17, 2025
BRUSSELS, Dec 17 (Reuters) - The European Parliament on Wednesday approved the bloc's plan to phase out Russian gas imports by late 2027, clearing the penultimate legal hurdle before the ban can pass into law.
The Russian gas ban still requires formal approval at a meeting of EU countries' ministers, expected early next year.
(Reporting by Kate Abnett, Editing by Charlotte Van Campennhout)
The European Parliament is one of the main legislative bodies of the European Union, representing the citizens of the EU. It is responsible for making decisions on various issues, including laws and budgets.
The EU's plan to phase out Russian gas imports is significant as it aims to reduce dependency on Russian energy, enhance energy security, and promote sustainability within the European Union.
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