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    NAB Freezes Bahria Town Karachi Properties and Thousands of Acres in Major Crackdown

    NAB Freezes Bahria Town Karachi Properties and Thousands of Acres in Major Crackdown

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    Government Extends Nationwide Austerity Measures Till June 13

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    Marka-i-Haq: PAF vows stronger response to any aggression against Pakistan, says ISPR

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    Adnan Arif appointed to FPCCI Central Standing Committee on Media Broadcasting

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    Pakistan’s Trade Deficit Surpasses $4bn in April 2026, Highest in Nearly Four Years

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    No Peak-Hour Load Shedding as Power Generation Improves, Says Power Division

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    PM Shehbaz Introduces National Housing Finance Scheme to Boost Home Ownership

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    Pakistan successfully conducts training launch of indigenously developed Fateh-II Missile System: ISPR

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    Iran FM Returns to Pakistan Amid Ongoing Mediation Efforts Before Moscow Visit

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    TCS Air Launches Its First Dedicated Cargo Aircraft by Acquiring Boeing 737 Freighter

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    Indian Rupee Hits Record Low Amid Inflation Fears and Rising Oil Prices

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    Pakistan Economy Projected to Grow 4% in FY26: Finance Minister

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    EU–Pakistan Business Forum Launched in Islamabad, Opening New Trade and Investment Opportunities

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    Pakistan Repays $2bn to UAE Amid Reserve Pressures, Secures Saudi Support

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    Xi, Trump to discuss bilateral relations, world peace and development   

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    Pakistan Issues Strong Demarche to Afghanistan Over Bannu Attack After 15 Police Martyrs

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    The Embassy of Russia in Pakistan commemorated the 81st anniversary of Victory in the Great Patriotic War

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    PRCS Holds Humanitarian Forum on World Red Cross Red Crescent Day Under Theme “United in Humanity

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    TİKA-Led Turkish Delegation Visits Pakistan to Strengthen Cooperation on Flood Management and Climate Resilience

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    Pakistan in contact with Somalia Over Pirate-Held Sailors, Says FO

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    US war in Iran has cost $25 billion so far, says Pentagon official

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    AUSTRALIA SUPPORTS BLIND WOMEN’S CRICKET IN PAKISTAN

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    FIFA Rejects Iran’s Request to Move World Cup Matches, Keep Fixtures in America Despite Rising Tensions

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    Qualified Teams Confirmed for 2026 FIFA World Cup; Iran to Participate After Venue Dispute Resolved

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    PCB Fines Naseem Shah Rs20 Million for Contract Breach

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    Security Breach Allegation Involving Lahore Qalandars Players Raised with PSL Authorities

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    PCB Issues Show-Cause Notice to Naseem Shah Over Alleged Contract Breach

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    HBL PSL 11 Set to Revolutionize Viewing Experience with Urdu Commentary and Advanced Broadcast Technology

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    PSL 11 to Be Held Without Spectators, Limited to Karachi and Lahore Amid Austerity Measures

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    Climate Champions Take the Lead: PRCS Ignites Green Action for a Sustainable Tomorrow

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    PMD Forecasts Nationwide Rain, Thunderstorms from April 1

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    Heat-related deaths in Pakistan’s cities to rise by 2050

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    PMD Forecasts Nationwide Rain, Thunderstorms from March 24 to 30, Warns of Floods and Hailstorms

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    Massive Blizzard Halts Travel Across U.S. Northeast, Over 5,700 Flights Canceled

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    Glacier Grafting: Pakistan’s Himalayan Communities Fight Water Scarcity Amid Melting Glaciers

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    WRAP holds workshop to advance institutionalization

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    NAB Freezes Bahria Town Karachi Properties and Thousands of Acres in Major Crackdown

    NAB Freezes Bahria Town Karachi Properties and Thousands of Acres in Major Crackdown

    Government Extends Nationwide Austerity Measures Till June 13

    Government Extends Nationwide Austerity Measures Till June 13

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    Marka-i-Haq: PAF vows stronger response to any aggression against Pakistan, says ISPR

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    Adnan Arif appointed to FPCCI Central Standing Committee on Media Broadcasting

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    Pakistan’s Trade Deficit Surpasses $4bn in April 2026, Highest in Nearly Four Years

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    No Peak-Hour Load Shedding as Power Generation Improves, Says Power Division

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    PM Shehbaz Introduces National Housing Finance Scheme to Boost Home Ownership

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    Pakistan successfully conducts training launch of indigenously developed Fateh-II Missile System: ISPR

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    Iran FM Returns to Pakistan Amid Ongoing Mediation Efforts Before Moscow Visit

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    TCS Air Launches Its First Dedicated Cargo Aircraft by Acquiring Boeing 737 Freighter

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    Indian Rupee Hits Record Low Amid Inflation Fears and Rising Oil Prices

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    Pakistan Economy Projected to Grow 4% in FY26: Finance Minister

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    EU–Pakistan Business Forum Launched in Islamabad, Opening New Trade and Investment Opportunities

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    Pakistan Repays $2bn to UAE Amid Reserve Pressures, Secures Saudi Support

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    CENTCOM Enforces Hormuz Blockade

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    Trump Orders Hormuz Blockade as US-Iran Talks Collapse

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    Pakistan, Saudi Arabia Pledge to Expand Economic and Strategic Cooperation

  • World
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    Xi, Trump to discuss bilateral relations, world peace and development   

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    OIC Condemns Terrorist Attack in Bannu

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    Pakistan Issues Strong Demarche to Afghanistan Over Bannu Attack After 15 Police Martyrs

    The Embassy of Russia in Pakistan commemorated the 81st anniversary of Victory in the Great Patriotic War

    The Embassy of Russia in Pakistan commemorated the 81st anniversary of Victory in the Great Patriotic War

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    PRCS Holds Humanitarian Forum on World Red Cross Red Crescent Day Under Theme “United in Humanity

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    TİKA-Led Turkish Delegation Visits Pakistan to Strengthen Cooperation on Flood Management and Climate Resilience

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    PM Shehbaz Sharif Condemns Drone, Missile Strikes in UAE

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    US war in Iran has cost $25 billion so far, says Pentagon official

  • Sports
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    AUSTRALIA SUPPORTS BLIND WOMEN’S CRICKET IN PAKISTAN

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    FIFA Rejects Iran’s Request to Move World Cup Matches, Keep Fixtures in America Despite Rising Tensions

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    Qualified Teams Confirmed for 2026 FIFA World Cup; Iran to Participate After Venue Dispute Resolved

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    PCB Fines Naseem Shah Rs20 Million for Contract Breach

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    Security Breach Allegation Involving Lahore Qalandars Players Raised with PSL Authorities

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    PCB Issues Show-Cause Notice to Naseem Shah Over Alleged Contract Breach

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    HBL PSL 11 Set to Revolutionize Viewing Experience with Urdu Commentary and Advanced Broadcast Technology

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    PSL 11 Anthem “Khelenge Beat Pe” Released, Featuring Star Artists

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    PSL 11 to Be Held Without Spectators, Limited to Karachi and Lahore Amid Austerity Measures

  • Environment
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    Climate Champions Take the Lead: PRCS Ignites Green Action for a Sustainable Tomorrow

    Pakistan, Norway Sign First-Ever Carbon Market Deal Under Paris Agreement

    Pakistan, Norway Sign First-Ever Carbon Market Deal Under Paris Agreement

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    PMD Forecasts Nationwide Rain, Thunderstorms from April 1

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    Heat-related deaths in Pakistan’s cities to rise by 2050

    Pakistan ranked most polluted country in 2025, data shows

    Pakistan ranked most polluted country in 2025, data shows

    PMD Forecasts Nationwide Rain, Thunderstorms from March 24 to 30, Warns of Floods and Hailstorms

    PMD Forecasts Nationwide Rain, Thunderstorms from March 24 to 30, Warns of Floods and Hailstorms

    Massive Blizzard Halts Travel Across U.S. Northeast, Over 5,700 Flights Canceled

    Massive Blizzard Halts Travel Across U.S. Northeast, Over 5,700 Flights Canceled

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    Glacier Grafting: Pakistan’s Himalayan Communities Fight Water Scarcity Amid Melting Glaciers

    WRAP holds workshop to advance institutionalization

    WRAP holds workshop to advance institutionalization

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    March 31 Genocide – A Crime Against Humanity Committed Against Azerbaijanis

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EU seals deal to end all Russian gas imports by 2027

News Desk by News Desk
December 4, 2025
in Business, Latest, World
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EU seals deal to end all Russian gas imports by 2027
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Web Desk (MNN); The European Union has reached a major agreement to completely phase out Russian gas imports by November 2027.

The provisional deal, finalised between the European Council and the European Parliament on Wednesday, marks a significant step toward cutting the bloc’s long-standing energy dependence on Moscow, which has been funding its war effort in Ukraine through energy revenues.

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Although the timeline is longer than what some member states and the European Parliament initially proposed, the agreement outlines a clear roadmap. Under the plan, EU states will stop importing Russian liquefied natural gas (LNG) by the end of 2026, while pipeline gas imports will cease by November 2027.

The transition has been challenging due to several countries’ heavy reliance on Russian energy supplies. Before Russia launched its full-scale invasion of Ukraine in February 2022, nearly half of the EU’s gas imports came from Moscow.

The European Council said the move is intended to end “dependency on Russian energy following Russia’s weaponisation of gas supplies,” which has destabilised Europe’s energy market in recent years.

European Commission President Ursula von der Leyen welcomed the breakthrough, saying Europe is “closing the tap” on Russian fossil fuels for good and beginning a new era of energy independence.

EU leaders hailed the agreement as a major step toward ensuring long-term energy security. Energy Commissioner Dan Jorgensen said Europe has chosen “security and independence” and vowed there would be “no more blackmail and no more manipulation by Putin,” reaffirming the bloc’s support for Ukraine.

The deal also includes a phaseout of long-term and short-term contracts. Long-term pipeline agreements will be banned by September 30, 2027, or no later than November 1, 2027, depending on storage levels. Short-term pipeline contracts must end by June 17, 2026. For LNG, long-term deals will be prohibited beginning January 1, 2027, while short-term contracts will be phased out from April 25, 2026.

European companies will also be allowed to use “force majeure” clauses to legally end existing contracts in line with the EU’s import ban.

Despite reductions, the EU still relies on significant volumes of Russian gas. While pipeline imports have plunged, Russia was still the second-largest LNG supplier in 2024, providing about 20 percent of EU imports, trailing only the United States.

Political hurdles also remain. Hungary and Slovakia, which are heavily dependent on Russian energy and maintain close ties with Moscow, have consistently resisted such sanctions. The new agreement includes plans to address loopholes that allow both countries to continue importing Russian oil.

Hungary’s Foreign Minister Peter Szijjarto rejected the decision outright, saying Budapest would neither accept nor implement it and plans to challenge it in the EU’s Court of Justice. Slovakia’s Prime Minister Robert Fico said his government has “sufficient legal grounds” to consider a lawsuit, though he did not commit to taking action.

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