Financial Market News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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The European Commission is exploring legal options to end long-term Russian gas contracts

April, 15 2025

The European Commission is considering legal ways to terminate long-term gas supply contracts from Russia without paying fines. The EC analyzes the contracts in order to find out whether the companies that signed them can declare force majeure and terminate relations with Russian suppliers. In this way, Brussels hopes to avoid the need to pay compensation to Russian companies. One of the EU sources noted: «If the main goal is not to pay Russia, then paying compensation will undermine the wh... Read More

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