EU plans to end Russian gas imports by 2027

The European Union is proposing a plan to phase out Russian gas imports by the end of 2027, aiming to increase pressure on Russia and support Ukraine. This is part of the EU's strategy of "peace through strength." The EU's plan, announced at the G7 summit, would immediately ban new Russian gas contracts and allow existing ones to expire. The EU has already significantly reduced Russian energy imports but still purchases a notable amount, providing revenue to Russia. This move follows previous sanctions on Russian oil and coal. The EU is also considering using frozen Russian assets to support Ukraine, while facing challenges from some member states and the ongoing war.