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EU lawmakers near stance for Russian gas phaseout ahead of Thursday vote

( October 14, 2025, 15:17 GMT | Official Statement) -- MLex Summary: Lawmakers from the European Parliament’s energy, international trade and internal market committees have finalized their proposed position on a plan for the EU to phase out Russian fossil-fuel imports, according to a leaked document dated Oct. 8. The draft, to be voted on at committee level on Oct. 16, suggests banning long-term contracts with Russian suppliers by Jan. 1, 2027 — one year earlier than the original deadline. Lawmakers also included provisions to extend prohibitions to Russian oil, gas and LNG storage, as well as materials refined or derived from Russian crude oil. Any company in breach of the ban would face a penalty equal to 5 percent of its annual turnover.Full document attached....

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