The EU has been importing record volumes of Russian liquefied natural gas (LNG) despite a push to fully stop imports from Russia, Bloomberg has reported.
 
Plans exist to end long-term imports of Russian LNG from next year after the EU already banned purchases under new short-term contracts. Yet its latest watered-down sanctions package carved out exemptions for European companies to continue transporting Russian LNG to third-country markets after some member states balked at measures they said would damage their own economies.
 
Belgium relied entirely on Russian LNG imports in July as disruption in the Middle East curbed alternative supplies to Europe, according to Bloomberg calculations published on Monday.

The country reportedly imported around 400,000 tons of Russian gas during the month, while total LNG purchases fell by more than 40% year-on-year. Moscow remained Europe’s second-largest LNG supplier after the US, the outlet wrote.
 
The EU has faced soaring energy costs after scaling back imports of Russian energy following the escalation of the Ukraine conflict. Natural gas has been the commodity the bloc has struggled most to replace since imposing unprecedented restrictions on Russia in 2022. Before then, Russia supplied about 45% of the EU’s natural gas imports.
 
The Financial Times reported last month, citing Kpler data, that the bloc imported a record 9.89 million tons of LNG from Russia’s Yamal project in the first half of 2026, up 18% from a year earlier. France was the largest importer, followed by Belgium and Spain.

The US war on Iran and the de facto closure of the Strait of Hormuz – a vital route carrying around 20% of global oil and LNG trade – have further strained Europe’s already volatile energy markets this year. Major suppliers such as QatarEnergy declared force majeure on shipments, sending European buyers scrambling for increasingly competitive US and West African LNG. The resulting spike in prices, freight costs, and supply disruptions has fueled inflation across the bloc, with analysts warning of gas shortages this winter.
 
The EU’s 21st package of sanctions targeting Russia included exemptions after Greece successfully lobbied to preserve European companies’ role in transporting Russian LNG to third-country markets. Athens warned the restrictions would hurt its shipping sector while benefiting foreign competitors.
 
Moscow has condemned EU sanctions, particularly those targeting energy, as illegal and self-defeating, arguing they have undermined the bloc’s competitiveness.