Robert Besser
10 May 2025, 10:45 GMT+10
BRUSSELS, Belgium: The European Union is preparing to unveil a detailed plan to reduce its reliance on Russian gas, including a proposal to ban new supply deals by the end of this year and terminate existing contracts by the end of 2027, three EU officials told Reuters.
The European Commission published a roadmap outlining steps to eliminate imports of Russian fossil fuels by 2027. According to the officials, the plan includes a pledge to propose legislation in June banning new Russian gas agreements and spot purchases by the end of 2025.
It will also feature a legal commitment to phase out imports of Russian pipeline gas and liquefied natural gas under existing contracts by 2027. The officials, speaking on condition of anonymity, said the proposals remain subject to change before publication.
Get a daily dose of Breaking Property News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.
More InformationBRUSSELS, Belgium: The European Union is preparing to unveil a detailed plan to reduce its reliance on Russian gas, including a proposal...
SAN FRANCISCO, California: U.S. food delivery giant DoorDash will acquire British rival Deliveroo in a US$3.85 billion deal, the companies...
NEW YORK, New York - U.S. stocks were weaker Friday as investors and traders continued to fret over U.S. President Donald Trump's trade...
SAN FRANCISCO, California: A U.S. lawmaker wants to introduce a new law that would help track where advanced AI computer chips, like...
EAST HARTFORD, Connecticut: Roughly 3,000 members of the International Association of Machinists and Aerospace Workers began striking...
CHICAGO, Illinois: United Airlines will begin canceling around 35 daily flights—roughly 10 percent of its schedule—from Newark Liberty...
WIESBADEN, Germany - Falls continue to be the leading cause of death in the construction industry across both the United States and...
JAKARTA, May 8 (Xinhua) -- Indonesian Trade Minister Budi Santoso said Thursday that changing consumer shopping patterns have led to...
AFL admits it made a HUGE mistake after sickening collision in Collingwood v Fremantle match
AFL 2025- How St Kilda tactics helped injury-hit Carlton to win, Michael Voss press conference
Opinion- For $1 billion, the same problems in a Minneapolis neighborhood