EU Considers Legal Routes to Exit Long-Term Russian Gas Deals Without Penalties

The European Commission (EC) is reviewing legal mechanisms that would allow European energy companies to exit long-term contracts with Russian suppliers without incurring significant financial penalties. According to three EU officials cited by the Financial Times, the Commission is investigating whether the contracts could be invalidated under “force majeure” provisions—typically used when unforeseen circumstances prevent the fulfillment of contractual obligations.One official emphasized that compensating Russia would defeat the broader EU objective of financially isolating Moscow....Weiter zum vollständigen Artikel bei Novinite Weiter zum vollständigen Artikel bei Novinite