EU Paid Nearly €6 Billion for Russian Arctic LNG in First Half of 2026 Despite Phase-Out Plan

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European Union countries paid an estimated 5.96 billion euros ($6.82 billion) for liquefied natural gas from Russia’s Yamal LNG project during the first six months of 2026, underscoring the bloc’s continued reliance on Arctic gas despite an impending ban on Russian LNG imports, according to analysis published on Monday.