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Energy sanctions have cut Russian fossil-fuel revenue by roughly 27% even as export volumes held steady through rerouting to China, India, and Türkiye, while the EU's gas phase-out (binding law through 2027) is now legally separate from sanctions and would survive any US-Russia peace deal—meaning Washington alone cannot "trade" energy relief for peace. The central unresolved tension is sequencing: transactional advocates favor early, limited licenses (like the recent US diesel waiver) to build momentum, while leverage-first analysts warn that relief before verified compliance is nearly impossible to claw back once firms reinvest. Major gaps remain in independently verifying any energy-infrastructure truce and in modeling who actually bears the costs—Ukrainian communities, European consumers, or Global South importers—since balanced labor/redistributive and market-conservative perspectives on this distributional question were not
# REPowerEU – phase out of Russian energy imports ## The REPowerEU Regulation On 26 January 2026, EU countries formally adopted the Regulation on phasing out Russian imports of both pipeline and liquified natural gas (EU/261/2026), which was published in the Official Journal of the EU on 2 February,...
## Roadmap to fully end dependency on Russian energy The EU plans to: - **Gas** - stop all imports of Russian pipeline and liquified natural gas by November 2027. ... EU countries were required to present to the Commission by 1 March 2026 their national diversification plans with detailed measures a...
The import of natural gas in gaseous state via pipelines (‘pipeline gas’) that originates in or is exported, directly or indirectly, from the Russian Federation shall be prohibited, unless one of the temporary exemptions provided for in ... The import of LNG that originates in or is exported, direct...
The import of natural gas in gaseous state via pipelines (‘pipeline gas’) that originates in or is exported, directly or indirectly, from the Russian Federation shall be prohibited, unless one of the temporary exemptions provided for in ... The import of LNG that originates in or is exported, direct...
Regulation (EU) 2026/261 (“REPower Gas Regulation”) is a trade measure under Union law, prohibiting the import of pipeline gas and LNG from the Russian Federation. ... The prohibition will apply at different points in time, starting already 18 March 202610 for certain types of contracts, and extendi...
- **short-term contracts** (up to one year): the prohibition applies from 25 April 2026 for LNG and 17 June 2026 for pipeline gas; - **long-term LNG contracts**: the prohibition applies from 1 January 2027;
Imports of pipeline gas and liquefied natural gas will be prohibited six weeks after the regulation enters into force (early 2026), while maintaining a transition period for existing contracts concluded before 17 June 2025. ... before 17 June 2025**, the ban on imports of Russian gas will apply from...
EU energy markets following the Commission’s legislative proposal of 17 June, the European Parliament and the Council reached a political agreement on 2 December on the so-called REPowerEU Regulation1. It provides for a stepwise phase out of Russian gas according to which: − for short-term supply c...
Regulation (EU) 2026/261 of the European Parliament and of the Council of 26 January 2026 on phasing out Russian natural gas imports and preparing the phase-out of Russian oil imports, improving monitoring of potential energy dependencies and amending Regulation (EU) 2017/1938 ... Prohibition on the...
Less than a year later, and following a historical political agreement, the REPowerEU gas regulation, entered into force on 3 February 2026, turning one of the REPowerEU Plan's objectives into a binding law. It establishes a gradual, but permanent, end to Russian liquefied natural gas (LNG) imports ...
508 introduces a prohibition on providing liquified natural gas (LNG) terminal services to Russian entities or to entities owned or controlled by Russian nationals or operators. The relevant contracts for the LNG terminal services concerned are to terminate automatically on 1 January 2027.|
Regulation (EU) 2026/261 of the European Parliament and of the Council of 26 January 2026 on phasing out Russian natural gas imports and preparing the phase-out of Russian oil imports, improving monitoring of potential energy dependencies and amending Regulation (EU) 2017/1938 ... 2. The import of...
- the import, purchase or transfer from Russia of crude oil and refined petroleum products above a fixed price known as the **oil price cap** (with limited temporary exceptions for certain heavily dependent EU Member States); ... - the purchase, import or transfer of Russian liquefied natural gas (L...
# Russia On 6 May 2025, the Commission presented a roadmap to phase out EU imports of Russian gas, oil and nuclear energy. On 26 January 2026, EU countries formally adopted the Regulation on phasing out Russian imports of both pipeline and liquified natural gas (EU/261/2026) and it entered into forc...
On July 23, 2026, the EU adopted its 21st package of sanctions against Russia. ... The EU has frozen the oil price cap, suspending the automatic adjustment procedure to July 14, 2027. The current price cap for Russian crude oil remains at USD 44.10 per barrel, subject to any interim review decisions...
# Russia's pipeline gas and LNG exports ## LNG *LNG exports from Russia to the EU last year fell by 16% to 13.8 million tons, LSEG data showed. ... ## PIPELINE GAS *Russia's pipeline gas exports to Europe sank by 44% in 2025 to their lowest since the mid-1970s, following the closure of a major tr...
Exports of seaborne liquefied natural gas from Russia are seen rising to 35 million tons this year from 30.3 million tons in 2025, but that is still 5.3 million tons lower than previously expected. ... Russia's gas exports to Europe tumbled 44% last year to just 18 bcm, the lowest since the mid-1...
By 2025, Russia’s total gas exports had fallen to 124.7 billion cubic meters, while Russia’s share of the European Union’s pipeline gas imports had dropped from 40% in 2021 to 6% in 2025. ... In 2025 and early 2026, the European Union bought almost 49% of all Russian LNG, accounting for up to 20% of...
Overall, the regulation is expected to reduce Russian pipeline gas and LNG deliveries to the EU by around 33 billion cubic metres (bcm) per year between 2025 and 2028.
russian LNG exports rose by 8.6% in January–April—to 11.4 million tons—compared to the same period in 2025, thanks to shipments from the Arctic LNG2 project, which reached 1 million tons in the first four months of the year. ... russian LNG exports to the EU in January–April rose by 20.8%—to 6.4 mi...
Russia's seaborne liquefied natural gas exports are expected to reach 35 million metric tonnes in 2026, up from 30.3 million tonnes last year. ... Russian gas exports to Europe fell 44 per cent last year to just 18 bcm, according to Reuters calculations, after the closure of the Ukrainian transit ro...
Russian LNG imports are 2% lower than in summer 2025, while Russian pipeline imports fell by 3%.
The Economic Development Ministry expects petroleum exports to fall to 98.5 million tons this year from 125.8 million tons in 2025. It forecasts crude exports will rise to 244.7 million tons from 230.8 million tons. The Finance Ministry lowered its 2026 oil and gas revenue estimate to $93.87 billion...
May 13 (Interfax) - Russia's oil and petroleum product export revenue was $19.18 billion in April, up $110 million from March 2026 and up $6.28 billion from April last year, the International Energy Agency said in its monthly report.
# Key findings - In July 2026, Russia’s fossil fuel export revenues fell by 12% month-on-month to EUR 683 mn per day, even as export volumes remained flat. - Russia’s crude oil export revenues were broadly flat, up 1% month-on-month to EUR 392 mn per day. However, this masks a 21% fall in pipeline c...
Russian oil exports declined by 420 kb/d in November, which combined with weaker prices, slashed revenues to $11 billion, $3.6 billion below a year ago.
Total revenue in November of $11 billion was $3.6 billion below last year's figure. The Russian finance ministry reported oil and gas revenues were down 22 percent in the first nine months of the year to a total of $88 billion.
**Russia's revenues from the export of oil and petroleum products in July 2026 amounted to $13.76 billion**. This is evidenced by data from the International Energy Agency.
# Key findings - In June 2026, Russia’s fossil fuel export revenues fell by 1% month-on-month to EUR 734 mn per day, even as export volumes rose 7%. ... - Liquefied natural gas (LNG) export revenues increased by 9% to EUR 60 mn per day while export volumes rose 7% month-on-month. - Pipeline gas expo...
# Key findings - In May 2026, Russia’s fossil fuel export revenues increased by 2% month-on-month to EUR 726 mn per day despite export volumes remaining roughly the same as in April. ... - Liquefied natural gas (LNG) revenues decreased by 6% to EUR 55 mn per day while export volumes dropped 3% month...
# What to Know About Trump’s Russi ## Rebecca Schneid In a stunning reversal of U.S. policy, Trump announced on Oct. 9 that Russia had agreed to supply global markets with more than 4.8 million tons of diesel: over 300,000 tons at first, 500,000 tons in November, and 1 million tons “immediately the...
#### Giselle Rodriguez US President Donald Trump has indefinitely waived new legally mandated sanctions and tariffs on the largest buyers of Russian oil, saying he does not want to endanger talks to end the war with Ukraine. ... ## Executive order Late Oct. 16, the White House issued an executive or...
On October 16th, a mere 28 days after he signed the Graham Act, Trump issued an executive order waiving key Russia sanctions brought about by the Graham Act. Trump announced that the United States would be buying hundreds of thousands of tons of diesel fuel from Russia.
The United States and Russia are discussing post-war oil and energy deals as part of Ukraine peace talks, the Financial Times reported on Oct. 28. According to sources familiar with the discussions, the White House and the Kremlin believe that following the conclusion of the war, a joint venture cou...
Angered by Zelenskiy’s defiance, Trump on October 9 announced a deal to buy diesel from Moscow, issuing a temporary general license that allows Russian diesel to reach the global market. He also waived sanctions on Russia authorized by a bill he signed into law in September. ... Peace efforts have c...
**Catch up quick:** Late Friday, Trump waived new sanctions against Russia and tariffs on top buyers of Russian energy that would have taken effect under the bipartisan Graham Act he signed last month. - That came just days after the administration waived certain sanctions as part of a deal aimed at...
He announced on Friday that he had reached an agreement with Putin to import Russian diesel fuel, undercutting the new sanctions bill against Moscow’s energy industry that Trump signed into law last month. Even if the roughly 2.25 million barrels headed to the U.S. only marginally ease fuel costs, t...
The US president confirmed on Friday that an agreement had been reached with Moscow to suspend sanctions on Russian diesel exports until 7 April. ... The pair had agreed Russia should acquiesce to "an immediate energy ceasefire" and end its attacks on shipping in the Black Sea, the spokesperson said...
On September 22, Ukrainian President Volodymyr Zelenskyy offered an energy truce between Ukraine and Russia, one of the clearest openings for limited de-escalation in months. ... The Kremlin, in the meantime, reacted positively to the general idea of an energy ceasefire, while seeking to broaden the...
First, Trump made a deal enabling Russia to supply the world market with 36 million barrels of diesel fuel. ... He acted within weeks of signing a bill strengthening economic sanctions against Russia that was aimed at forcing Putin to negotiate seriously with Zelenskyy to end the Ukraine war. Then, ...
President Donald Trump signed an [executive order](https://www.whitehouse.gov/presidential-actions/2026/10/implementing-the-lindsey-o-graham-sanctioning-russia-and-iran-act-of-2026/) Friday that waives many of the sanctions in the Lindsey O. Graham Sanctioning Russia and Iran Act, which Congress pas...
The United States, the Americans said, would suspend sanctions on Russian diesel fuel. ... On Sunday, Trump said on social media that Russia and Ukraine had agreed to an “ENERGY CEASEFIRE” with immediate effect. Neither side confirmed an agreement.
The US has agreed to temporarily lift sanctions so Russia can bring about 2 million barrels of diesel to market immediately (with about 13 million barrels committed in total), in hopes of driving down prices at the pump in the US before the midterm elections next month.
The diesel arrangement, renewed peace talks, offers of commercial cooperation, and the temporary humanitarian ceasefire in Russian-occupied Oleshky all suggest movement toward a deal. ... Following an October 9 understanding between presidents Donald Trump and Vladimir Putin, Washington authorized t...
## Overview Washington appears to be trending back toward future economic engagement and sanctions relief for Russia despite its ongoing war with Ukraine, which could create misalignments between the US and Europe on sanctions policies and overall economic statecraft toward Russia. ... The Alaska su...
# New UK sanctions hit the money, oil and supply chains fuelling Russia's war The UK has today unveiled wide ranging sanctions targeting individuals and entities which: - Produce or transport Russian oil, which funds Russia’s wartime economy ... Oil companies - Today the UK sanctions two more Russia...
The UK has announced a package of 31 sanctions against Russia as UK steps up economic pressure ahead of the winter.
On 19th May, 2026, the UK government introduced new trade and transport Russian sanctions, as well as two general trade licences providing for certain exemptions to the new measures. The licences came into force on 20th May, 2026 and cover: 1. sanctioned processed oil products from third countries, ...
The UK has announced a landmark sanctions package, cutting off critical oil revenues and further degrading the Kremlin’s ability to wage its illegal war. ... - Nearly 300 new sanctions announced as UK cracks down on critical Russian energy revenues, including oil exports, and key suppliers of milita...
In response to Russia’s invasion of Ukraine, the UK government has imposed a range of sanction measures, including trade, financial, transport and other sanctions, under The Russia (Sanctions) (EU Exit) Regulations 2019 (‘the Russia Regulations’). ... The Russia Sanctions (EU Exit) (Amendment) Regul...
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