European Union energy ministers agreed a joint position on plans to ban all gas supplies from Russia by the end of 2027, as the bloc looks to definitively end its reliance on energy from Moscow.
A qualified majority of officials meeting in Luxembourg Monday supported the ban, which starts by prohibiting Russian supplies under existing short-term contracts by mid-June, with an exemption for landlocked countries such as Hungary and Slovakia. A prohibition on long-term deals follows 18 months later.
According to the report, the EU receives about 15% of its LNG (Liquified Natural Gas) supplies from Moscow.
After the announcement, Russia oil major Gazprom CEO Alexey Miller comments that Europe may face gas issues if this winter is cold.
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