European Commission proposes phase-out of Russian gas and oil imports

Measures to facilitate the complete stop of Russian oil imports by the end of 2027

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June 17, 2025

The European Commission issued a release announcing a legislative proposal to gradually end the import of Russian gas and oil into the European Union by the end of 2027.

The plan includes a “stepwise phase-out” of pipeline gas and liquefied natural gas (LNG) from Russia, with new contracts prohibited starting January 1, 2026, and existing short-term contracts ending by June 17, 2026. Long-term contracts will cease by the end of 2027, with specific provisions for landlocked countries.

The proposed regulation will proceed through the co-decision legislative process, requiring adoption by both the European Parliament and the Council. 

For more information, contact a professional with KPMG Trade & Customs services:

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