EU Bans Russian LNG Imports

The European Union has finalized a plan to halt imports of Russian natural gas, aiming to sanction Moscow for its Ukraine invasion. Despite Russia being the EUs largest LNG supplier, the EU has made Russian LNG imports illegal at ports. The main challenge was the cost, as Russian gas is cheaper due to geography. However, the EU prioritizes political goals over immediate energy affordability, marking a significant step towards reducing reliance on Russian energy supplies. This decision will likely reshape the European energy market and global energy trade.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.