European Union plans to ban Russian LNG imports by by 1 Jan 2027. One decision, three targets, Russia, China & India.
The EU had previously planned a phase out by January 1, 2028, but Trump has repeatedly urged the bloc to end Russian energy purchases faster before he does anything further to pressure Moscow.
"The revenues from fossil fuels sustain Russia's war economy. We want to cut these revenues. So we are banning imports of Russian LNG into European markets. It is time to turn off the tap. We are now going after these who fuel Russia's war, who purchase oil in breach of sanctions. We target refineries, oil traders, petrochemical companies in third countries including China." - European Commission President Ursula von der Leyen.
This decision needs to be supported by all the 27 member countries without any objection.
Who is beneficiary after all by such move as Russian said status quo will be as it is 👇
Kremlin spokesperson Dmitry Peskov said that any EU proposal to phase out Russian energy more quickly would not affect Russia and would not force it to change its position.
Anticipating the ban on Russian LNG imports to Jan 2027 means Europe will now quickly need to prepare alternatives and U.S. supplies are of course at the top of the list.