💨 Abstract

The European Union is set to announce a roadmap on Tuesday to phase out remaining gas ties with Russia, but legal options to exit contracts using force majeure may not be effective due to the passage of time since the EU's pledge to end imports after the 2022 invasion of Ukraine. The Commission is exploring ways to help companies renegotiate or quit their Russian gas contracts, and potentially create an EU joint buying scheme for Russian LNG.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖