EU Weighs Targeting Spot Market for Russian Gas Phaseout

The European Union is preparing to discuss the idea of a ban on spot purchases of natural gas from Russia as part of its plan to phase out energy imports from Moscow.

The possible measure is one of a number of options explored by the European Commission, the EU’s executive branch, as it finalizes a roadmap document due to be presented to member states for consideration on May 6, according to an EU official.