EU to Stop Russian Gas Imports by 2027 in Major Trade Decision

The European Union has reached an agreement to end its gas imports from Russia by 2027, following a proposal by the European Commission. This decision is seen as crucial for achieving energy independence in Europe and cutting off Russian energy revenues to help finance the war in Ukraine.

While some EU member states like Hungary and Slovakia, which have close ties to the Kremlin, continue to import Russian gas, the overall plan includes prohibiting new contracts with Russia from January 1, 2026. The move aims to reduce Europe's reliance on Russian energy sources and increase diversification.