The European Commission will next month propose legal measures to phase out the EU's imports of all Russian gas and liquefied natural gas by the end of 2027, it said on Tuesday. Here are the key details: GAS AND LNG Russia was Europe's top gas supplier before its 2022 full-scale invasion of Ukraine,

The European Commission plans to propose legal measures to phase out all EU imports of Russian gas and LNG by 2027. This move comes in response to the Ukraine invasion, with a gradual ban on new and existing contracts.

As part of its plan, the EU executive arm in June will propose a ban on all imports of Russian gas—both pipeline and LNG—under new and existing spot contracts. The measure would take effect by year-end.