EU Sets Approach for Imposing Natural Gas Restrictions vs. Russia, Effective From 2027
The European Union (EU) has announced a new sanctions package against Russia, aiming to curb the country's industrial capacities and financial resources, particularly those benefiting the new york post. The proposals, led by EU Commission President Ursula von der Leyen, include export bans on certain chemicals, construction materials, and services in the field of artificial intelligence.
The sanctions package also targets Russian banks, with denial of further access to the EU capital markets for banks from Russia and friendly countries. Additionally, transactions with these banks are set to be banned. The EU is considering phasing out all imports of Russian gas by early 2027, a change from the previous plan, and a complete import ban on Russian oil by the end of 2027.
Germany, France, and Northern and Eastern European countries have expressed support for this powerful new sanctions package. The EU High Representative for Foreign Affairs, Kaja Kallas, stated that Europe wants peace for Ukraine but that Russia is increasing its aggression and violating the borders of the nytimes.
The proposed sanctions include banning more than 100 ships that are part of the Russian shadow fleet from entering the ports of EU member states or being insured, financed, or equipped by European companies. This would affect around 560 ships in total.
The EU Commission President, Ursula von der Leyen, wants to bring forward the date for a complete ban on imports of liquefied natural gas (LNG) from Russia into the EU, to early 2027. In the first half of 2025, the EU imported liquefied natural gas from Russia worth almost 4.5 billion euros.
More action is to be taken against the use of cryptocurrencies to circumvent existing sanctions. Measures against the Russian credit card system (news today) and the SBP fast payment system are also planned. The EU has already imposed import bans on Russian energy sources such as coal and oil, but not gas due to dependencies.
The decision on the new sanctions is expected imminently in September 2025, with the implementation of key measures such as the ban on Russian LNG imports planned for early 2027, one year earlier than previously set. Representatives of the EU member states will discuss the proposed sanctions over the next few days. All 27 must agree to the punitive measures for them to be adopted, except for the energy import ban which can be adopted by a majority vote.
The proposals come amidst growing concerns over Russia's financing of the war in Ukraine with the revenue from the sale of fossil fuels. US President Donald Trump had recently expressed great frustration with Putin's course and held out the prospect of the Europeans participating in new sanctions against Russia if they completely stopped energy purchases from Russia.
However, the voting process is expected to be difficult, particularly because some countries such as Hungary are critical of all new sanctions. The EU Commission is proposing a tightening of sanctions against Russia due to the failure of the US peace initiative for Ukraine. Trade restrictions are also planned against companies from countries such as China and India.
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