European Union companies will be required to disclose details of their Russian gas deals to the EU, under upcoming European Commission proposals to ban Russian gas imports by the end of 2027, an internal Commission document showed.
The Commission is preparing to propose legal measures to completely halt the EU’s Russian gas imports by the end of 2027, and ban new Russian gas deals by the end of this year. The proposals are due to be published on June 17.
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An internal European Commission analysis of its upcoming proposals, […] said to enforce the ban, the Commission will require information including the duration, annual contracted volumes, destination clause and date of conclusion of their Russian gas contracts.
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Gas importers will also be required to disclose the origin of their imports, to ensure it is not Russian, the document said. The disclosures aim to ensure the EU and countries’ customs and energy authorities can ensure the ban is enforced.
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The deadline to stop providing these services under long-term contracts with Russia will be December 31, 2027, it said.