Europe slashed its imports of Russian gas following Moscow's invasion of Ukraine in 2022, a move that saw Russian exporter Gazprom post a $7 billion loss the following year. U.S. President Donald Trump is pushing for peace in Ukraine, raising the prospects of a thaw in gas ties.

Russia's allies in eastern Europe say Brussels plans to end all Russian gas and energy imports in the coming years are tantamount to "economic suicide" and a threat to the region's energy security. The European Commission announced plans on Tuesday to phase out Russian gas,

The European Commission will next month propose legal measures to phase out the EU's imports of all Russian gas and liquefied natural gas by the end of 2027, it said on Tuesday.