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Home Uncategorized Sanctions, tariffs and transparency measures: How the EU plans to phase out Russian gas and LNG by 2027
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Sanctions, tariffs and transparency measures: How the EU plans to phase out Russian gas and LNG by 2027

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The European Commission plans to propose legal measures in June to completely phase out Russian gas imports by 2027, including banning spot contracts by the end of 2023. While sanctions are the easiest route, they require unanimous approval, which Hungary and Slovakia oppose. The Commission's alternative proposal requires a reinforced majority, potentially bypassing the opposition. Options include tariffs on Russian gas and LNG, similar to those on fertilizers, to make new deals economically unviable and potentially allow companies to exit existing contracts.

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