EU lawmakers give final approval to ban Russian gas in 2027

EU lawmakers give final approval to ban Russian gas in 2027

BRUSSELS
EU lawmakers give final approval to ban Russian gas in 2027

The European Parliament on Wednesday voted to introduce a ban on all imports of Russian gas by the end of 2027, as the EU seeks to choke off funds feeding Moscow's war chest.

A large majority of lawmakers voted in favour of the ban during a plenary session in Strasbourg, clearing the last key hurdle for the measure to be officially adopted.

"This is historic: the EU is taking a giant step towards a new era free of Russian gas and oil," said Ville Niinisto, a Finnish lawmaker and one of the text's chief sponsors.

"Russia can never again use fossil fuel exports as a weapon against Europe."

Aimed at breaking a reliance the bloc has struggled to end despite the invasion of Ukraine, the legislation was adopted with 500 votes to 120, with 32 abstentions.

Under it, long-term pipeline contracts - considered the most sensitive because they can run for decades - will be banned from Sept. 30, 2027, provided storage levels are sufficient, and no later than Nov. 1, 2027.

For liquefied natural gas (LNG), long-term contracts will be prohibited from Jan. 1, 2027.

Short-term contracts will be phased out earlier: from April 25, 2026 for LNG and June 17, 2026 for pipeline gas.

Operators will face financial penalties for infringements.

The law must still get a final sign-off from member states -- but that is considered largely a formality.