The European Union is considering a quota system to enforce a bloc-wide ban on Russian gas imports by the end of 2027. This proposal aims to provide companies with a legal foundation to terminate long-term purchase contracts with Russian suppliers.
The European Commission is reportedly discussing setting the import quota for Russian gas at zero. This would enable European buyers to invoke force majeure, a legal clause that allows parties to escape liability due to unforeseen circumstances.
Invoking force majeure would effectively allow European companies to break their agreements with Russian gas suppliers without facing penalties. The discussions are ongoing and the details are subject to change.