EU agrees deal to ban Russian gas by end of 2027
Summary
The European Union has agreed to ban all imports of Russian gas by the end of 2027, aiming to end dependency on Russian energy and support Ukraine amidst the ongoing conflict.
Key Points
- The European Union has reached a deal to ban all Russian gas imports by end of 2027.
- Long-term pipeline contracts will be banned by November 1, 2027, and LNG contracts earlier in 2027.
- The ban aims to reduce Europe's dependency on Russian energy following Russia's war in Ukraine.
- Hungary and Slovakia oppose the ban due to energy security concerns and may legally challenge it.
