Close Menu
The Politic ReviewThe Politic Review
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Trending

Moskowitz on Possibly Hitting Fordow Nuke Facility: We Strike Things All the Time, Like with Soleimani

June 18, 2025

Sean ‘Diddy’ Combs Trial: Furious Judge Subramanian Scolds Prosecution and Defense for Leaks to the Press – Second Juror May Be Stricken From the Panel

June 18, 2025

Are Tesco Shares Still Worth Buying After Its Q1 Update?

June 18, 2025
Facebook X (Twitter) Instagram
  • Donald Trump
  • Kamala Harris
  • Elections 2024
  • Elon Musk
  • Israel War
  • Ukraine War
  • Policy
  • Immigration
Facebook X (Twitter) Instagram
The Politic ReviewThe Politic Review
Newsletter
Wednesday, June 18
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
The Politic ReviewThe Politic Review
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Home»Business»EU bosses back total Russian gas ban
Business

EU bosses back total Russian gas ban

Press RoomBy Press RoomJune 17, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram

Brussels has pledged to stop importing fuel from Russia by 2028, despite growing backlash from some member states

The European Commission has proposed phasing out all remaining Russian gas imports to the EU by the end of 2027.

Energy Commissioner Dan Jorgensen unveiled the plan which would ban new gas contracts with Russia from 2026 and “full phaseout” a year later, on Tuesday, after it was approved by European Commission President Ursula von der Leyen.

The controversial legislation, which is opposed by Hungry, Austria and Slovakia, and reportedly by Italy, is expected to be proposed as trade law that does not require unanimity among bloc members to become law, the Financial Times has reported.

Hungarian Foreign Minister Peter Szijjarto called the plan “absolute insanity,” warning it could fuel price hikes and undermine national sovereignty. Prime Minister Viktor Orban has vowed to block the move.

”Today, we have decided to close the tap on Russian gas,” Jorgensen said in Strasbourg, “because the less energy we import from Russia, the more security and independence we will have in Europe.”

Jorgensen told reporters the phaseout was not linked to the Ukraine conflict but rather because “Russia has weaponized energy” against the EU. He added: “Irrespectively of whether there is a peace or not … this ban will still stand.”


The proposed regulation will now move through the EU’s co-decision legislative process, requiring approval from both the European Parliament and the Council. Unlike sanctions, the proposal would not need unanimous backing from all member states – only a qualified majority in the Council, the Commission said, noting it would continue “working closely” with governments most affected by the planned phaseout.

A reinforced majority means having the support of at least 15 of the EU’s 27 member countries, representing at least 65% of the EU’s population, according to Reuters.

“Nobody will be able to veto [the proposal],” Jorgensen said, as quoted by media outlets. He warned that those who do not implement the measures would face “legal consequences as for any other EU legislation.”

While pipeline flows have dropped sharply since 2022, EU imports of Russian LNG have soared. Russia supplied 17.5% of the bloc’s LNG in 2024, trailing only the US at 45.3%, according to industry data. France, Spain, and Belgium accounted for 85% of the EU’s LNG imports from the sanctioned country, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

Russia maintains that it is still a reliable supplier, while denouncing Western sanctions and trade restrictions targeting its exports as illegal under international law. The country has successfully shifted exports to ‘friendly’ markets, it added.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

Related Articles

Business

Are Tesco Shares Still Worth Buying After Its Q1 Update?

June 18, 2025
Business

Iranian Leader Says ‘The Battle Begins’ As Trump Pushes ‘Unconditional Surrender’ (Live)

June 18, 2025
Business

Oil Prices Dip Slightly Amid Israel-Iran Conflict

June 18, 2025
Business

UFC Removes Hall-Of-Famer From Roster, Fans React To Update

June 18, 2025
Business

Jake Paul vs. Chavez Jr. Fight Card, Date and Details

June 18, 2025
Business

AI Supremacy Requires Reliable Electricity

June 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Sean ‘Diddy’ Combs Trial: Furious Judge Subramanian Scolds Prosecution and Defense for Leaks to the Press – Second Juror May Be Stricken From the Panel

June 18, 2025

Are Tesco Shares Still Worth Buying After Its Q1 Update?

June 18, 2025

Lizzo Loses It Over Florida Sheriff Warning Protesters They Could Lose Their Lives: ‘We Have to Get Louder’

June 18, 2025

Iran in the fight: Why Moscow is watching – and waiting

June 18, 2025
Latest News

Having Solved All of California’s Problems, Gavin Newsom Announces He’s Launching a Substack to Fight ‘Disinformation’

June 18, 2025

Iranian Leader Says ‘The Battle Begins’ As Trump Pushes ‘Unconditional Surrender’ (Live)

June 18, 2025

British Government to Reopen over 800 Cases of Historic Child Rape Grooming Gang Cases

June 18, 2025

Subscribe to News

Get the latest politics news and updates directly to your inbox.

The Politic Review is your one-stop website for the latest politics news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram Pinterest YouTube
Latest Articles

Moskowitz on Possibly Hitting Fordow Nuke Facility: We Strike Things All the Time, Like with Soleimani

June 18, 2025

Sean ‘Diddy’ Combs Trial: Furious Judge Subramanian Scolds Prosecution and Defense for Leaks to the Press – Second Juror May Be Stricken From the Panel

June 18, 2025

Are Tesco Shares Still Worth Buying After Its Q1 Update?

June 18, 2025

Subscribe to Updates

Get the latest politics news and updates directly to your inbox.

© 2025 Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • For Advertisers
  • Contact

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