Article

The European Union has approved a gradual ban on Russian gas imports, ending liquefied natural gas imports by January 1, 2027, and pipeline gas imports by September 30, 2027, as part of the 'REPowerEU' initiative to reduce dependency on Russian energy. While Hungary and Slovakia expressed objections, they must comply with the ruling, which includes penalties for non-compliance. The decision is expected to significantly impact Russia's gas market, prompting a shift towards alternative suppliers like Azerbaijan.