Monday, June 2, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World Europe

EU to set 2027 deadline for severing energy contracts with Russia

5 May 2025
in Europe
0 0
EU to set 2027 deadline for severing energy contracts with Russia
Share on FacebookShare on Twitter


The European Commission will require EU companies to end all energy contracts with Russia by 2027, a move aimed at reducing dependency on Russian fossil fuels following the invasion of Ukraine.

The plan mandates the termination of spot market gas contracts by the end of 2023 and all long-term contracts by 2027, while facing opposition from Hungary and Slovakia who argue that sanctions would raise energy prices.

Additionally, the proposal seeks greater oversight of commercial contracts to trace Russian fuel buyers and signals a readiness to increase imports of U.S. LNG.

Full Article

Tags: ContractsDeadlineEnergyRussiasetsevering
Previous Post

5 players 49ers could add via trade to bolster some weak areas of their roster

Next Post

Protesters gather outside Israeli Embassy in London to demand end to air strikes on Syria – Middle East Monitor

Related Posts

The gap between Britain’s defence rhetoric and reality
Europe

The gap between Britain’s defence rhetoric and reality

by My News Wave
2 June 2025
0

The UK, under Prime Minister Sir Keir Starmer, aims to enhance its military readiness amid rising threats from Russia, but questions remain about the government's ability to deliver on its ambitious defense rhetoric. Recent strategic reviews propose a £15bn investment in nuclear capabilities and a focus on domestic military production, yet the planned increase in force numbers and defense spending may fall short of transformative goals, risking the UK's influence within NATO. Experts warn that...

Read more
German court blocks key Merz policy of rejecting asylum seekers at border
Europe

German court blocks key Merz policy of rejecting asylum seekers at border

by My News Wave
2 June 2025
0

A Berlin court ruled that Germany unlawfully turned away asylum seekers at the border without adequate assessment, undermining Chancellor Friedrich Merz's immigration policy initiated after a violent incident involving an Afghan asylum seeker. The court's decision involved three Somali asylum seekers who, despite expressing intent to apply for asylum, were sent back to Poland, mandating Germany to fully assess their claims per EU regulations. Merz's efforts to tighten immigration come amid rising support for the...

Read more
EU restricts Chinese medical devices in retaliation against ‘Made in China’
Europe

EU restricts Chinese medical devices in retaliation against ‘Made in China’

by My News Wave
2 June 2025
0

The EU has imposed restrictions on imports of Chinese medical devices in response to allegations of discrimination against foreign manufacturers in public contract bids, requiring exclusion of Chinese bidders from contracts over €5mn for five years. This marks the first application of the International Procurement Instrument, aimed at opening overseas markets, as the EU seeks to address trade tensions exacerbated by China's "Made in China" policy, which prioritizes domestic suppliers. While the EU is open...

Read more
EU clears venture overseeing fighter jet project
Europe

EU clears venture overseeing fighter jet project

by My News Wave
2 June 2025
0

The European Commission has approved a joint venture among BAE Systems (UK), Leonardo (Italy), and the Japan Aircraft Industrial Enhancement Co for the production of a next-generation fighter jet, responding to concerns over reliance on US defense equipment. This initiative, part of the Global Combat Air Programme, aims to have aircraft operational by 2035, enhancing defense capabilities against rising threats from Russia and China. The UK's recent defense plan includes substantial investments in modernization, highlighting...

Read more
Poland’s new president puts EU billions and trade goals at risk
Europe

Poland’s new president puts EU billions and trade goals at risk

by My News Wave
2 June 2025
0

Poland's recent presidential election, resulting in the victory of rightwing nationalist Karol Nawrocki, poses a significant threat to the EU's trade ambitions and jeopardizes billions in EU funds for Warsaw, according to officials. Nawrocki's election could stall necessary reforms for accessing EU funds and may align Poland with other Eurosceptic leaders, undermining the pro-EU government led by Donald Tusk. With Nawrocki's ability to veto legislation and his opposition to EU policies, Poland's commitment to judicial...

Read more
EU science advisers put clamp on carbon credits to meet 2040 climate target
Europe

EU science advisers put clamp on carbon credits to meet 2040 climate target

by My News Wave
2 June 2025
0

The EU’s climate advisory board has advised against using international carbon credits to meet climate targets, stating it could weaken domestic emission reduction efforts. The board recommends aiming for a 90-95% reduction in greenhouse gas emissions by 2040 compared to 1990 levels, emphasizing the need for rapid and significant cuts. This stance conflicts with the German government, which supports including carbon offsets, while France seeks guarantees for businesses, raising concerns about the bloc's overall climate...

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Remains found in search for ‘murdered’ woman who vanished 15 years ago
  • Erin Patterson trial: Alleged mushroom poisoner set to continue giving evidence
  • Canadian Jewish organizations condemn Colorado attack, call for action against antisemitism at home
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In