• $ 1.7
  • € 1.9498
  • ₽ 0.020266
  • ₺ 0.0384
  • £ 2.2565

EU to give member states power to block Russian gas imports

EU to give member states power to block Russian gas imports
08.12.2023 12:00
The EU is set to give member states powers to end gas imports from Russia and Belarus nearly two years after Moscow’s full-scale invasion of Ukraine, reported from the Financial Times.

Any member state will be able to ban companies from Russia and Belarus from buying capacity in its gas pipelines and liquefied natural gas terminals, according to a draft legal text proposed by Brussels and seen by the Financial Times.

The proposal could provide a basis for EU energy companies to get out of contracts with Russian gas providers without having to pay hefty compensation, according to a senior official of the bloc.

While the 27-member bloc has gradually reduced its dependency on Russian energy following the February 2022 invasion, it still gets about a tenth of its gas supply, including LNG shipments, from the country. Several member states including Austria and Hungary still rely heavily on Russian supplies.

The European Commission wants to push member states to cut off remaining gas imports. Some member states including Poland and the Baltic states have been vocal in demanding tougher action against Moscow.

EU member states would be allowed to "partially or, where justified, completely limit” access to infrastructure to gas operators from Russia and Belarus "where necessary to protect their essential security interests”, according to the draft legislation. Negotiators from member states and the European parliament are expected to approve the draft text on December 8.

www.anews.az
Similar news
Similar news
ABB eSIM Service Launched!
Business 17:15
ABB eSIM Service Launched!
Kapital Bank Hosts “Smart Money Talks” Session for School Students
Business 17:05
Kapital Bank Hosts “Smart Money Talks” Session for School Students

Subscription to ABB Bank Bonds Successfully Completed!
Business 17:03
Subscription to ABB Bank Bonds Successfully Completed!
Gold prices have increased
Business 17:00
Gold prices have increased
Azerbaijan posts $487.7 mln trade surplus in January 2026
Business 16:30
Azerbaijan posts $487.7 mln trade surplus in January 2026

Brent crude price exceeds $116
Business 15:00
Brent crude price exceeds $116
Azerbaijan’s transport and storage sector sees 2.6% growth in Jan-Feb 2026
Business 14:00
Azerbaijan’s transport and storage sector sees 2.6% growth in Jan-Feb 2026

Stay supported this holiday with Yelo Bank’s special schedule
Business 13:40
Stay supported this holiday with Yelo Bank’s special schedule

Bank Respublika and EIB Global sign a credit agreement using the Central Bank’s hedging mechanism
Business 13:11
Bank Respublika and EIB Global sign a credit agreement using the Central Bank’s hedging mechanism
Anews TV

Our official Youtube channel

Subscribe