EU considers ways to ban new Russian gas contracts, Reuters reports

Europe faces ‘decisive moment’ in energy security battle, von der Leyen warns

Without action, twin threats of Russian sabotage and high prices will batter the bloc, the Commission President said.

The European Commission is assessing whether it can legally ban EU companies from signing new contracts for the supply of fossil fuels from Russia, Reuters reports, citing a senior EU official.

EU considers ways to ban new Russian gas contracts, Reuters reports

The European Commission is exploring options to legally prohibit EU companies from signing new contracts for the supply of Russian gas, Reuters reported on April 22, citing an undisclosed senior EU official.The EU is also considering ways to allow companies located in member states to terminate existing gas supply contracts with Russia without penalties, the official told Reuters.Following Russia's full-scale invasion of Ukraine in 2022, Europe …

The European Commission is looking into whether it could legally ban EU companies from signing new contracts to buy Russian fossil fuels, a senior EU official said on Tuesday. The commission is also developing legal options that would allow EU companies to terminate existing gas supply contracts with Russia without penalties, the official added.

The European Commission assesses whether it is possible to legislate or not to allow EU firms to sign new contracts for Russian fossil fuels, has declared a high-level official within the Community block in March...

Despite the Ukraine war, several EU countries continue to use Russian energy, which is what the Commission wants to change.