It will instead rely on a road map planned for next month to find a way to end imports of Russian fossil fuels
The European Union is unlikely to propose phasing out Russian LNG as part of a new package of sanctions that will target Moscow for its invasion of Ukraine, according to Bloomberg, citing people with knowledge of the matter.
The bloc will instead rely on a road map planned for next month to find a way to end Russian fossil fuel imports, the sources said, speaking on condition of anonymity.
A group of 10 European Union countries is pushing for tougher sanctions against Russia, introducing restrictions on natural gas and LNG. But EU sanctions require unanimity, which is difficult to achieve amid strong opposition from Hungary and some other countries’ dependence on Moscow’s gas, the sources added.
The bloc is discussing how to exit Russian LNG, as Bloomberg previously reported.
Russian LNG remains one of Europe’s last major energy dependencies on Russia after Moscow ended pipeline flows. The EU imported record amounts of LNG from Russia last year, with France, Spain and Belgium the biggest importers.
European politicians have refrained from imposing tighter restrictions on the fuel to avoid the price shocks that have hit the region’s already strained industries in recent years. But from 2026-2027, new supply from factories built in the US and Qatar is expected to help decelerate prices.
The US and EU have gradually imposed sanctions on some Russian LNG projects to curb Moscow’s export expansion plans, but those efforts have done little to reduce the region’s demand for Russian supplies.
The 27-nation bloc plans to adopt a 16th package of sanctions against Russia on February 24 and is scheduled to present a roadmap for phasing out Russian fossil fuels on February 26. While this plan will outline the steps to be taken to end imports, the detailed proposal will likely be presented at a later stage.
European Commission President Ursula von der Leyen had called for an end to energy imports from Moscow by 2027 after Europe was hit by an energy crisis triggered by Moscow’s aggression in Ukraine.
Source: Skai
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