EU Set to Accelerate Russian Energy Ban: Vote October 16
The European Parliament's Industry Committee is set to vote on October 16, 2026, to adopt amendments to the RePowerEU regulation. These amendments aim to accelerate the EU's rejection of Russian energy, a move facilitated by the expected global gas surplus later this year.
The ongoing discussions involve both the European Parliament and EU member states, with no specific countries yet explicitly listed as having reached a formal agreement. The negotiations focus on replacing Russian energy with alternatives, such as increased US LNG imports, as part of the RePowerEU plan. Proposed amendments include exemptions for existing short-term contracts until mid-June and long-term contracts until January 1, 2027.
Once positions are agreed upon, negotiations with the European Commission will commence to finalize the regulation. The adoption of these amendments would align the cessation of pipeline gas imports with existing EU sanctions against Moscow. Initially planned for the end of 2027, the new timeline aims to phase out Russian oil and oil products by early 2026 and impose a full gas ban by 2027. To prevent sharp price increases, the European Commission plans to impose duties on remaining Russian oil imports via the Druzhba pipeline if they are not halted.
The accelerated rejection of Russian energy, if approved, would significantly reduce the EU's dependence on Russian supplies and ensure broad political support for a lasting break with Russia following its invasion of Ukraine. The final vote on these amendments is expected later this year.
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