The European Union has imposed a ban, effective June 17, on imports of Russian pipeline gas under short-term contracts signed more than one year ago. The measure marks the first stage of the EU’s plan to phase out Russian gas supplies. Restrictions on long-term LNG import contracts will take effect on January 1, 2027, while a ban on long-term pipeline gas de...

Swiss company Nord Stream 2 AG, operator of the Nord Stream 2 pipeline, has filed a lawsuit with the EU General Court seeking to annul EU Regulation 2026/261 on the phased withdrawal from Russian gas imports and preparations to end Russian oil supplies. The case was registered as T-264/26, with no hearing date scheduled yet. The company argues that the regul...

The Arbitration Court of St. Petersburg and the Leningrad Region ruled that SEFE Marketing & Trading must pay €601.1 million to Gazprom Export if it violates an anti-suit injunction. The decision follows the court’s June 8 ruling granting Gazprom Export’s claim to prohibit the company from continuing arbitration proceedings against it at the International Ch...

Gazprom's net profit under IFRS for 3 months of 2026 amounted to ₽375.7 billion, which is 45.9% lower compared to ₽694.4 billion in the previous year. Revenue remained at the level of last year, amounting to 2.8 trillion rubles.