Daily SumUp

EU officials are discussing the option of resuming purchases of Russian pipeline gas as part of a potential settlement of the Russia-Ukraine war, the Financial Times reported on Jan. 30, citing undisclosed sources.

The proposal's advocates, including Hungarian and German officials, argue that the move could give both Russia and Europe incentives to maintain a peace deal while stabilizing the continent's energy market, the outlet wrote.

The news comes almost a month after Ukraine halted the transit of Russian gas through its territory to the EU, putting an end to a scheme dating back to Soviet times. The decision has sparked protests from some EU members — Slovakia and Hungary — who continue to rely on Russian gas despite the bloc's efforts at diversifying supplies.

According to the FT, the proposal to resume Russian gas purchases has faced backlash from Ukraine's chief allies within the EU and officials from some "eastern" member states.

While most of the Russian pipeline gas flow to Europe came to a halt, European countries continue to buy Russian liquified natural gas (LNG). The TurkStream line remains the last operational pipeline connection funneling Russian gas to the EU.

Earlier this week, Hungary announced it had received "requested guarantees" from the EU on securing energy transit to European countries after threatening to veto sanctions against Moscow. Shortly after, Reuters reported that the European Commission will continue leading talks on gas supplies with Ukraine, Slovakia, and Hungary.