Phasing out Russian natural gas imports, improving monitoring of potential energy dependencies and amending Regulation (EU) 2017/1938

The regulation introduces a phased ban on imports of Russian natural gas and oil into the EU to eliminate energy dependencies. The aim is to enhance supply security and prevent market manipulation by Russia. Existing supply contracts will be granted transitional arrangements to facilitate an orderly diversification. Monitoring of energy imports will be tightened to prevent circumvention of the ban. National diversification plans are intended to coordinate the transition to alternative energy sources.