EU proposes ban on Russian gas and LNG by end-2027

LUXEMBOURG, June 17 (Reuters) - The European Commission on Tuesday proposed the EU bans all Russian gas and liquefied natural gas imports by the end of 2027, with a ban on short-term contracts starting next year.

Imports under short-term Russian gas deals would start being banned from January 1, 2026, before imports under existing long-term Russian contracts would be banned from January 1, 2028 - effectively ending the EU's use of Russian gas by this date, the Commission said.