Close Menu
    Trending
    • Want to future-proof your job? Start protecting your focus time
    • UK Arrests 33 People A Day For Social Media Posts
    • Zelenskyy says Ukraine’s peace talks with US constructive but not easy
    • How many Syrians have returned home one year since the fall of al-Assad? | Syria’s War News
    • Browns HC takes blame for Shedeur Sanders choice vs. Titans
    • How to Create a Video Montage in 5 Simple Steps
    • Japan is facing a dementia crisis – can technology help?
    • Italy Declares Central Bank Held Gold An Asset Of The People
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»Latest News»EU agrees deal to end Russian gas purchases by 2027 | Russia-Ukraine war News
    Latest News

    EU agrees deal to end Russian gas purchases by 2027 | Russia-Ukraine war News

    The Daily FuseBy The Daily FuseDecember 3, 2025No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    EU agrees deal to end Russian gas purchases by 2027 | Russia-Ukraine war News
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The European Union has reached a deal to finish all Russian fuel imports by November 2027.

    The “provisional settlement” between the European Council – the grouping of the 27 governments of the bloc’s member states – and the European Parliament was introduced on Wednesday.

    Though the deadline is later than that sought by the parliament and a few member states, the deal progresses efforts to finish all power imports into the bloc from Russia, which proceed to supply Moscow with very important financing to energy its struggle on Ukraine.

    Below the deal, member states will halt imports of Russian liquefied pure fuel (LNG) by the tip of 2026. Pipeline fuel imports will cease by November 2027.

    The trouble to halt purchases has struggled over the past 4 years because of the deep dependence of many member states on Russian power. The bloc’s total reliance was near 50 % earlier than Moscow unleashed its full-scale invasion of its neighbour in February 2022.

    The transfer goals “to finish dependency on Russian power following Russia’s weaponisation of fuel provides with vital results on the European power market”, mentioned a European Council assertion.

    Welcoming the announcement, European Fee President Ursula von der Leyen mentioned: “Europe is closing the faucet on Russian fossil fuels as soon as and for all. Vitality independence begins now.”

    ‘No extra blackmail’

    EU leaders celebrated information of the long-sought deal to lastly halt Russian fuel imports, which required a compromise between the member states and the European Parliament over the date of the cut-off.

    Vitality Commissioner Dan Jorgensen mentioned, “We’ve chosen power safety and independence for Europe. No extra blackmail. No extra market manipulation by Putin. We stand sturdy with Ukraine.”

    Europe will cease importing Russian fuel earlier than finish 2027. @Europarl_EN & @EUCouncil agreed on our proposed import ban.

    We’re sending a transparent message to Russia: Europe won’t ever once more let its power provide be used as a weapon.

    Europe is now on the pathway for independence.

    — Dan Jørgensen (@DanJoergensen) December 3, 2025

    Below the deal, long-term pipeline contracts shall be banned from September 30, 2027, supplied storage ranges are enough, and no later than November 1, 2027. Brief-term contracts shall be outlawed by June 17, 2026.

    Lengthy-term contracts on LNG shall be prohibited from January 1, 2027, with short-term contracts phased out from April 25, 2026.

    The timelines are but to earn last approval from the European Parliament and the European Council.

    European firms will be capable to invoke “drive majeure” to legally justify breaking current contracts, citing the EU import ban.

    Political obstacles

    For now, the EU nonetheless is determined by large quantities of Russian gas, with altering suppliers extra logistically difficult than for oil, on which most member states have managed to modify.

    The share of Russian fuel in EU imports fell from 45 % in 2021, however remained at 19 % final 12 months.

    Whereas Europe has slashed pipeline deliveries, Russia stays a key provider of LNG, accounting for 20 % of imports in 2024 – or about 20 billion cubic metres out of roughly 100bcm – leaving it solely behind the US (45 %).

    Nevertheless, there have additionally been political obstacles.

    Hungary and Slovakia, that are diplomatically nearer to Moscow and import probably the most Russian power, have lengthy opposed sanctions on Russian energy and have difficult EU efforts to cross them.

    The deal additionally calls on the European Fee to draft a plan within the coming months to finish the sanctions loopholes that permit the 2 landlocked Central European nations to proceed shopping for Russian oil.

    Hungarian Prime Minister Viktor Orban thumbed his nostril at Brussels final month by deciding to maintain importing Russian hydrocarbons throughout a gathering with President Vladimir Putin.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    How many Syrians have returned home one year since the fall of al-Assad? | Syria’s War News

    December 8, 2025

    ‘Stop killing us’: Huge crowds rally in Brazil, decrying rise in femicide | Women’s Rights News

    December 8, 2025

    Russia-Ukraine war: List of key events, day 1,383 | Russia-Ukraine war News

    December 8, 2025

    Celta Vigo earn shock 2-0 win at the Bernabeu as Real Madrid implode | Football News

    December 7, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    An Investor Doubted Me and My Business Because I’m a Working Dad — Here’s Why You Don’t Have to Sacrifice Work or Your Family.

    February 7, 2025

    Taylor Swift And Travis Kelce Urged By Legal Experts To Get A Prenup

    August 28, 2025

    Bank Branches Are The Latest Creative Destruction Casualty

    July 24, 2025

    Google To Invest $40B In Texas

    November 18, 2025

    Ukraine says it is questioning 2 captured North Korean soldiers

    January 11, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.