Posted 12/9/2023, 8:55:57 AM
EU Reaches Deal Allowing Members to Restrict Russian Gas Without New Sanctions
- EU reaches deal to allow members to ban Russian gas imports without imposing new sanctions
- Deal establishes common rules for natural gas, renewable gases, and hydrogen, aligning with fossil fuel transition
- Allows EU countries to temporarily block Russian and Belarusian exporters from reserving infrastructure capacity for LNG and gas shipments
- Comes after EU initiative to jointly procure gas ahead of winter to avoid high prices and supply deficits
- EU also discussing 12th package of Russia sanctions over invasion of Ukraine