Economy

EU seeks faster Russian gas phase-out

Brussels' 19th sanctions package aims to cut Moscow's fossil fuel revenues, blacklist firms in China and India and ratchet up pressure on Russia's war economy.

Russia's President Vladimir Putin (L) speaks with Russia's energy giant Gazprom CEO Alexei Miller as they visit the Lakhta Centre skyscraper, the headquarters of Russian gas monopoly Gazprom in Saint Petersburg on June 5, 2024. [Kirill Morozov/POOL/AFP]
Russia's President Vladimir Putin (L) speaks with Russia's energy giant Gazprom CEO Alexei Miller as they visit the Lakhta Centre skyscraper, the headquarters of Russian gas monopoly Gazprom in Saint Petersburg on June 5, 2024. [Kirill Morozov/POOL/AFP]

By AFP |

The European Union (EU) proposed on September 19 to bring forward by a year a ban on Russian gas imports as part of new sanctions to sap Moscow's war chest.

The 19th package of EU sanctions targeting Moscow since its 2022 invasion of Ukraine also seeks to hit firms as well as banks and traders in China, India and other countries accused of helping Russia circumvent sanctions.

Under the proposal, which needs approval by the bloc's 27 member states, the European Commission aims to phase out liquefied natural gas (LNG) purchases from Russia by January 2027.

Ukrainian President Volodymyr Zelenskyy hailed the "robust" package as "an important step that will intensify pressure on Russia's war machine and have a tangible impact."

(L to R) President of the European Commission Ursula von der Leyen, President of the European Council Antonio Costa and High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas, walk at the Great Hall of the People before the 25th European Union - China Summit in Beijing on July 24, 2025. [Andres Martinez Casares/POOL/AFP]
(L to R) President of the European Commission Ursula von der Leyen, President of the European Council Antonio Costa and High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas, walk at the Great Hall of the People before the 25th European Union - China Summit in Beijing on July 24, 2025. [Andres Martinez Casares/POOL/AFP]

"Russia's war economy is sustained by revenues from fossil fuels. We want to cut these revenues," European Commission chief Ursula von der Leyen said.

"It is time to turn off the tap."

The new sanctions package comes as the United States pressures the EU to end fossil fuel imports from Russia. US President Donald Trump has said he was ready to ramp up pressure on Russia if allies stopped buying Russian oil and hit China with tariffs.

Russian oil imports slashed

The EU has already banned most Russian oil under previous rounds of sanctions, slashing the share it imports from 29 percent in early 2021 to two percent by mid-2025. Only Hungary and Slovakia still buy Russian oil.

EU foreign policy chief Kaja Kallas said Brussels was bringing forward by 12 months a previous pledge to end all imports of Russian LNG from the end of 2027 to the end of 2026.

"Moscow thinks it can keep its war going. We are making sure it pays the price for it," she wrote on X.

In a post on X, Zelensky thanked the EU "for its leadership and unity."

"We count on swift adoption of the 19th package, and we expect other partners to mirror and expand these steps," he said.

Despite a push to end decades of European dependency, Russia still supplied 19 percent of the EU's gas in 2024, compared with 45 percent before the war.

That is in part due to an increase in purchases of LNG transported by sea, which have partially offset a sharp fall in pipeline imports.

Last year, 32 billion cubic meters of gas entered Europe via the TurkStream pipeline, and 20 billion cubic meres through LNG shipments.

Crypto and China

The EU has already imposed 18 rounds of sanctions over Moscow's invasion of Ukraine despite opposition from some member states, notably Hungary and Slovakia.

Von der Leyen said with the latest batch, the EU was "going after those who fuel Russia's war by purchasing oil in breach of the sanctions."

"We target refineries, oil traders, petrochemical companies in third countries, including China," she said.

Brussels also intends to target crypto platforms and the credit card system MIR, set up by Russia to avoid reliance on US-based networks, she and Kallas said.

The package also seeks to blacklist 118 more vessels in the "shadow fleet" of ageing tankers used by Russia to circumvent oil export curbs, and 45 firms accused of supporting the Russian military-industrial complex.

Entities from Russia, China and India would face export bans and tighter controls, Kallas said.

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