EU to set out plan for phasing out Russian gas deals, existing contracts

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EU to set out plan for phasing out Russian gas deals, existing contracts - Business Standard

Quick Summary:

But sanctions would require unanimous approval from all 27 EU countries, and Slovakia and Hungary - which still receive Russian pipeline supplies - have vowed to oppose them.

The US is pushing Russia for a peace deal with Ukraine, which, if reached, may reopen the door for Russian energy and ease sanctions.

The Commission would need to follow up with legislative proposals in the coming months, requiring approval from the European Parliament and a reinforced majority of EU countries, depending on the type of legal tool proposed.