Although Ursula von der Leyen, president of the European Commission, promised that the EU would phase out Russian imports by 2027, there were no sanctions on Russian gas exports until December 2023.
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Eric Bank is an M.B.A. who has covered financial and business topics since 1985, appearing regularly on Credible, eHow, WiseBread, The Nest, Zacks, Chron, BadCredit.org and dozens of other outlets.