The WSJ has learned about the rise in gas prices in the EU due to the threat of anti-Russian sanctions.

The cost of gas in European countries has increased amid threats from the leadership of the European Union (EU) to tighten sanctions against Russia. This was reported by The Wall Street Journal (WSJ).

It is specified that futures of the Dutch TTF gas exchange rose by 3.5% to €35.83 per MWh.

Earlier, the publication reported that the head of the European Commission (EC) Ursula von der Leyen and German Chancellor Friedrich Merz discussed the possible blocking of the Nord Stream 2 (SP-2) gas pipeline as an attempt to put pressure on Russia if Moscow abandons the 30-day truce with Ukraine.

Fuel bug: The EU may reconsider its position of rejecting gas from the Russian Federation

The European Commission has already postponed the publication of the roadmap for the final cessation of supplies from Russia.

Bloomberg reported on May 5 that the European Commission intends to propose banning gas imports from Russia by the end of 2027. It was clarified that European countries are going to take this measure because of their desire to sever relations with Russia, which was once their largest energy supplier.