Politics10/20/2025Bloomberg

EU Nations Strike Deal to Ban Russian Gas by End of 2027

EU Nations Strike Deal to Ban Russian Gas by End of 2027

The European Union (EU) has reached an agreement to ban all Russian gas imports by the end of 2027. The decision was made by EU energy ministers as part of the bloc's efforts to reduce its reliance on Russian energy sources. The agreement outlines a gradual phase-out of Russian gas, with the aim of completely eliminating it by the end of 2027. This move is a significant step in the EU's strategy to wean itself off its dependence on Russian energy, which has become a critical issue since the Russian invasion of Ukraine. The decision is expected to have far-reaching implications for the European energy market and will likely spur further investment in renewable and alternative energy sources within the EU.

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