**EU Considers Resuming Russian Gas Purchases**
EU officials are discussing a proposal to buy Russian pipeline gas again. This is as part of a potential peace deal in the Russia-Ukraine war, according to a report by the Financial Times on January 30.
The idea is that both Russia and Europe would have an incentive to keep the peace if they resume buying and selling gas. Some officials from Hungary and Germany support this plan. They say it could help stabilize the energy market in Europe.
This comes after Ukraine stopped transporting Russian gas through its territory to the EU last month. This move was a response to the ongoing war between Russia and Ukraine.
**Backlash from EU Members**
However, some EU members who rely on Russian gas have expressed opposition to this proposal. These countries include Slovakia and Hungary. They have been critical of Ukraine’s decision to stop transporting Russian gas through its territory.
The proposal has also faced resistance from other EU officials, including those from Eastern member states.
**European Energy Market**
Most of the Russian pipeline gas flow to Europe was halted after Ukraine stopped transporting it. However, European countries still buy Russian liquified natural gas (LNG). One pipeline connection, TurkStream, remains operational and supplies Russian gas to the EU.
**EU Guarantees for Hungary**
Earlier this week, Hungary announced that it had received guarantees from the EU on securing energy transit to European countries. This came after Hungary threatened to veto sanctions against Moscow.
The European Commission has also said that it will continue talks with Ukraine, Slovakia, and Hungary on gas supplies.
**Impact on Russia**
Fossil fuel exports are a key part of Russia’s state revenue. The war in Ukraine is financed by these exports. Many have called for Europe to phase out Russian gas purchases completely.
The EU has already cut most Russian oil imports and over two-thirds of Russian gas imports. It aims to eliminate all Russian fossil fuels from its market by 2027.
**U.S. Involvement**
U.S. President Donald Trump has urged Europe to buy more American LNG and increase oil production to reduce Russia’s revenues. This is in an effort to force Russia to the negotiating table.
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