EU rushes to chop off Russian LNG below strain from Trump – Bloomberg

The European Union is planning to speed up its phase-out of Russian liquefied pure fuel (LNG) in response to calls by US President Donald Trump for the EU to curb power purchases from Russia.

Supply: Bloomberg, as reported by European Pravda

Particulars: In response to Bloomberg, the European Fee is contemplating together with a provision to finish imports of all Russian LNG sooner than the at present deliberate deadline of the tip of 2027 within the EU’s nineteenth package deal of sanctions in opposition to Russia.

The Fee can also be weighing the choice of expediting the phase-out by means of an adjustment of the RePowerEU plan, which goals to eradicate dependency on Russian power assets.

In current weeks, the US administration below President Donald Trump has intensified its calls for an entire embargo on Russian oil and fuel as a part of broader efforts to tighten sanctions on the Kremlin.

Bloomberg stories that many EU member states don’t help Trump’s different proposal of introducing tariffs in opposition to India and China, the most important consumers of Russian oil. Because of this, the EU has begun to extra severely think about slicing LNG imports as an alternative.

The precise timing for a full LNG embargo will depend upon anticipated market circumstances, with a surplus in world fuel provide forecasted for the second half of 2026. This might permit the EU to soak up the impression of slicing off Russian LNG with minimal disruption.

Regardless of a steep decline in Russian power imports for the reason that full-scale invasion of Ukraine in 2022, the EU continues to buy Russian LNG.

Within the first half of 2025 alone, the EU imported €4.5 billion value of Russian LNG – a 29% improve in comparison with the identical interval final 12 months.

Background: Earlier this 12 months, the European Fee proposed a draft regulation to finish Russian LNG imports by the tip of 2027. This proposal is at present being reviewed by the European Parliament and the Council of the EU.

Help Ukrainska Pravda on Patreon!