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Story summary
- The European Union finalized a significant agreement to permanently ban Russian gas imports, effective January 1, 2026, as part of the REPowerEU strategy.
- The ban will be phased, prohibiting short-term contracts by April 2026 and long-term contracts by 2027.
- Member states must submit national diversification plans by March 2026 outlining alternative gas sources.
- The agreement includes penalties for non-compliance and allows temporary suspensions in energy crises, subject to strict review.
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