EU Bans Russian Gas Imports: A New Era for Energy Security

• The EU's 27 member states formally adopted a regulation to phase out Russian pipeline gas and LNG imports.
• The ban includes measures for effective monitoring and diversification of energy supply across the EU.
• A stepwise approach will be implemented, with a full ban on LNG by early 2027 and pipeline gas by autumn 2027.
• Non-compliance carries severe penalties, including fines up to EUR 2.5 million for individuals and EUR 40 million for companies.
• EU countries must prepare national plans by March 2026 to diversify gas supplies and identify challenges in replacing Russian gas.

Why It Matters: The EU has enacted a ban on Russian gas imports, aiming for greater energy autonomy and security.