The European Commission will propose a full ban on Russian gas imports by end-2027, with new deals and spot purchases ending by 2025, according to Reuters.
The move seeks to terminate residual energy ties with Russia following its 2022 invasion of Ukraine. Russian gas now meets approximately 19% of the EU's needs, down from 45% prior to the war.
The proposal also requires companies to disclose contract details and obliges member states to submit national phase-out plans. The Commission expects minimal impact on prices and supply if alternative sources are secured, Reuters reported.
