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EU to block Russian LNG from 2027: Moscow seeks new routes and markets
📈 Business

EU to block Russian LNG from 2027: Moscow seeks new routes and markets

The EU embargo on Russian liquefied natural gas (LNG), taking effect January 1, 2027, will force Russia to redirect exports from the Yamal project — until now 81 percent of supplies went to Europe, with Europe paying 8.7 billion euros for this gas between January and October 2026. Moscow will have to find new buyers, primarily in Asia, meaning longer and costlier routes. Analysts point to possible growth in black market trading and so-called virtual swaps — Russia would sell gas to Turkey or China, which would in turn increase their own exports to Europe.

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