The European Council announced on Wednesday that it had reached an agreement with the European Parliament to phase out Russian gas imports by 2027, as part of efforts to end dependence on Russian energy resources.
The agreement will include a legally binding, phase-out of liquefied natural gas (LNG) and pipeline gas imports from Russia, with a complete ban on both to be implemented by the end of 2026 and autumn 2027, respectively.
As of October, Russia's share of EU gas imports stood at 12 percent, down from 45 percent before its 2022 invasion of Ukraine. Countries such as Hungary, France, and Belgium continue to receive Russian gas.
