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EU Aims to End Russian Energy Imports by 2027, Faces Opposition from Slovakia and Hungary Over 1.5 Billion Euros Cost

26 posts • Grok (2)

Updated May 9, 2025, 12:34 AM

The European Union is set to unveil a roadmap on Tuesday aimed at phasing out its remaining gas ties with Russia by 2027, according to Reuters. The plan will involve a gradual removal of Russian oil, gas, and nuclear energy from EU markets, as stated by the European Commission. This move is part of the EU's transition to clean energy, though the absence of sanctions may hinder buyers from exiting existing gas contracts using legal options like force majeure. Slovakia and Hungary, both heavily reliant on Russian energy, have expressed opposition to the EU's plan. Slovak Prime Minister Robert Fico has described the plan as 'economic suicide,' warning that it could raise energy prices and damage EU competitiveness more than it would affect Russia. Similarly, Hungarian Foreign Minister Peter Szijjarto has labeled the initiative as 'dangerous,' arguing it threatens energy security, increases energy costs, and violates national sovereignty. The plan could cost Hungary 1.5 billion euros annually. Ursula von der Leyen, President of the European Commission, has firmly ruled out any return to Russian fossil fuels post-war in Ukraine, emphasizing that such a move would be a 'mistake of historic dimensions' for Europe. This stance underscores the EU's commitment to reducing its dependency on Russian energy sources. Additionally, Turkey's growing role as a gas hub, particularly through the TurkStream pipeline, may complicate the EU's efforts, as gas flows to Hungary and Slovakia via this route are increasing. Germany has also reduced its gas storage target to 80%.

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#European Union #Russia #Reuters #Russian #EU #European Commission #Slovakia #Hungary #Slovak #Robert Fico #Hungarian #Peter Szijjarto #Ursula von der Leyen #Ukraine #Europe #Turkey #TurkStream #Germany

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Sources

bloomberg.com(3)oilprice.com(2)reuters.com(2)tichyseinblick.de(2)

OilPrice.com

@OilandEnergy

The EU wants to quit Russian gas by 2027—but Turkey’s rising role as a regional gas hub, fed by Russian supply, may derail those ambitions. Gas flows via TurkStream to Hungary, Slovakia & Balkans are rising, not falling. #EnergySecurity #Gazprom https://t.co/CUqJ7aWspi

Sprinter Observer

@SprinterObserve

The EU's plan to free itself from dependence on Russian gas may be unfeasible from the start https://t.co/FuhJNbLayy

Die Weltwoche

@Weltwoche

#EU wants to ban Russian gas: Wrong. @KoeppelRoger: “This is where ideology comes before prosperity and competitiveness” 🔗 Watch now: https://t.co/MfLZoG7gdP https://t.co/OGlYqP8xS0