EU moves to ban Russian gas imports by 2027

Image Credits: UnsplashImage Credits: Unsplash
  • The EU plans to ban Russian gas imports by 2027, marking a major step in cutting energy ties with Moscow.
  • Alternative energy sources like U.S. LNG and renewables are being prioritized, though some Eastern EU states remain concerned.
  • Russia has circumvented sanctions by rerouting gas through third countries, prompting stricter EU monitoring plans.

[EUROPE] The European Union is preparing to propose a ban on Russian natural gas imports by the end of 2027, as the bloc intensifies efforts to cut ties with what was once its largest energy supplier.

The move would represent a major escalation in the EU’s economic response to Russia’s invasion of Ukraine, expanding on previous sanctions that targeted coal and oil. Although the EU has significantly curbed its dependence on Russian energy since 2022, natural gas has remained a critical exception due to its widespread use in heating and industry across member states.

Officials familiar with the discussions say the plan aligns with the EU’s longstanding goal to phase out Russian fossil fuels. The release of a formal “road map” had been delayed earlier this year, in part to evaluate the impact of U.S.-led diplomatic efforts to bring the conflict to a close.

Experts view the 2027 timeline as feasible, providing member states with sufficient time to diversify energy sources. Alternatives include increased imports of liquefied natural gas (LNG) from the United States and Qatar, alongside expanded investments in renewable energy infrastructure. However, some Eastern European nations, still heavily reliant on Russian pipeline gas, have raised concerns over the potential for economic disruption.

Russian gas supplies to Europe have plummeted since Moscow’s full-scale invasion in 2022, yet Russia remains a notable supplier, primarily via a pipeline through Turkey and continued LNG shipments.

In recent years, Moscow has sought to bypass EU restrictions by redirecting gas flows through countries such as Turkey and Serbia, complicating enforcement. The upcoming proposal is expected to include tighter monitoring and certification requirements to curb these circumvention tactics.

European gas prices, which soared in the immediate aftermath of the war’s outbreak, have since stabilized due to a milder winter and high storage levels. Still, analysts caution that a complete phase-out of Russian gas could spark renewed market volatility, especially if global LNG demand continues to rise.

Beyond energy considerations, the proposal underscores the EU’s broader strategic aim of reducing dependence on geopolitical rivals. Officials say the shift is not only about bolstering energy security but also accelerating the bloc’s transition toward climate neutrality, as renewable capacity continues to expand.


Economy United States
Image Credits: Unsplash
EconomyJuly 7, 2025 at 1:30:00 PM

Trump to begin sending first tariff letters on Monday

The rollout of President Donald Trump’s first batch of tariff warning letters marks a sharp pivot in trade strategy—one that prioritizes political optics...

Economy World
Image Credits: Unsplash
EconomyJuly 7, 2025 at 12:00:00 PM

Stabilizing Hong Kong office rents offer little relief for struggling landlords

Hong Kong’s office market is cooling—just not in the way landlords might hope. The second quarter brought a gentler 1% decline in grade...

Economy Europe
Image Credits: Unsplash
EconomyJuly 7, 2025 at 12:00:00 PM

Why France isn’t angry about China’s brandy tariff

When China announced anti-dumping duties on European brandy, the move was widely interpreted as retaliatory—a direct response to the European Commission’s probe into...

Economy World
Image Credits: Unsplash
EconomyJuly 7, 2025 at 11:30:00 AM

OPEC+ oil output increase raises oversupply concerns

Oil doesn’t just flow. It signals. And the latest signal from OPEC+—a production hike of 548,000 barrels per day in August—has markets jittering...

Economy World
Image Credits: Unsplash
EconomyJuly 7, 2025 at 10:30:00 AM

Asian markets rattle as US tariff ambiguity spurs oil slide

Markets across Asia opened the week in retreat as President Donald Trump signaled a delay in implementing a new round of US tariffs—without...

Economy United States
Image Credits: Unsplash
EconomyJuly 7, 2025 at 9:30:00 AM

Trump enters critical phase in trade deal talks

This week marks a narrowing window for the Trump administration to stabilize its trade agenda. With negotiations unfolding simultaneously across the EU, Japan,...

Economy United States
Image Credits: Unsplash
EconomyJuly 6, 2025 at 7:30:00 PM

Trump economic volatility is breaking the global trust flywheel

Six months into Donald Trump’s second term, the US economic engine isn’t just misfiring—it’s rattling the frame of global market trust. The data...

Economy Singapore
Image Credits: Unsplash
EconomyJuly 6, 2025 at 7:00:00 PM

Lady Gaga’s concert gave Singapore’s economy a boost

In the cool hum of a Singapore evening, the National Stadium came alive—not just with sound, but with sequins, silver boots, and face...

Economy World
Image Credits: Unsplash
EconomyJuly 5, 2025 at 1:00:00 AM

How the economic impact of tariffs breaks business models at scale

Tariffs aren’t just about politics. They’re not just headlines in trade disputes or talking points in election campaigns. For anyone building or scaling...

Economy Malaysia
Image Credits: Unsplash
EconomyJuly 4, 2025 at 10:30:00 AM

FBM KLCI slips marginally in early trade as Wall Street rallies

Wall Street is partying like it’s 2021. Nasdaq and S&P 500 have both punched through new record highs, carried by megacap tech, AI...

Economy Singapore
Image Credits: Unsplash
EconomyJuly 4, 2025 at 8:30:00 AM

Singapore stocks inch up 0.2% as regional markets deliver mixed performance

While regional markets hesitated, Singapore’s local shares edged higher on July 3—pushing the Straits Times Index (STI) past the symbolic 4,000-point level. The...

Economy Malaysia
Image Credits: Unsplash
EconomyJuly 4, 2025 at 8:30:00 AM

What US Fed rate cuts could really mean for Malaysian startups

If you’ve been in a founder group chat this week, you’ve probably heard it: the Fed’s about to start cutting rates. CPI and...

Load More