Summary: EU drafts aim to close loopholes that allow Russian gas to be relabeled via intermediaries, including stronger proof‑of‑origin rules, while the bloc reiterates its plan to end Russian oil imports by 2028.
Why it matters
Utilities and traders face tighter documentation requirements and potential disruption to mixed‑origin cargoes. Member‑state politics remain a swing factor for enforcement speed and exemptions.
Key facts
- Gas: anti‑circumvention rules under discussion
- Oil: phase‑out timeline — Jan 1, 2028
- Reliance: Russian gas share far below pre‑2022 levels
What to watch
Implementation guidance for LNG and piped flows; costs of compliance; capacity build‑out for alternative supply and storage.