The EU wants to end all Russian gas imports. Moscow’s friends in the bloc say it’s a ‘serious mistake’

Published

5 months ago

May 8, 2025

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Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban during their joint press conference at the Kremlin on July 5, 2024.

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Russia’s allies in Eastern Europe say Brussels plans to end all Russian gas and energy imports in the coming years are tantamount to “economic suicide” and a threat to the region’s energy security and economy.

The European Commission announced plans on Tuesday to phase out Russian gas, nuclear energy and liquefied natural gas (LNG) imports by the end of 2027, saying the move “paves the way to ensure the EU’s full energy independence from Russia.”

Russia’s invasion of Ukraine in 2022 prompted the EU to ban most seaborne imports of Russian oil, coal and refined petroleum products, but reducing gas flows has proved more difficult. In 2024, almost 19% of the EU’s gas and LNG imports still came from Russia, according to data from the European Commission, although that’s down from 2021 when 45% of the region’s gas came from the major oil and gas exporter.

The EU’s latest proposals have already prompted a furious response from eastern European nations which have traditionally been more reliant on cheaper energy supplies from Russia, and which repeatedly warn of higher energy prices for consumers as a result of banning such supplies.

Slovakia and Hungary, whose governments have maintained warm ties with Moscow despite the war in Ukraine, described the EU’s latest plans as a “serious mistake” that would harm the region.

“We recognize the strategic goal of reducing energy dependence on third countries, and Slovakia is ready to work on this together with the European Union but … this is simply economic suicide to agree that neither gas, nor nuclear, nor oil [can be imported from Russia], that everything must end just because some new Iron Curtain is being built between the Western world and perhaps Russia and other countries,” Slovakian Prime Minister Robert Fico said Wednesday, in comments reported by Slovak news agency TASR and translated by Google.

In this pool photograph distributed by Russian state agency Sputnik, Russia’s President Vladimir Putin shakes hands with Slovakia’s Prime Minister Robert Fico prior to their talks in Moscow on Dec. 22, 2024.

Gavriil Grigorov | Afp | Getty Images

Hungarian Foreign Minister Péter Szijjártó said Wednesday that the EU’s proposals were “politically motivated” and a “serious mistake.”

“It threatens energy security, drives up prices and violates sovereignty. They want us to bear the cost of their reckless support for Ukraine and its rushed EU accession. We firmly reject this,” the minister commented on X.

Both Hungary and Slovakia have pushed back against previous EU initiatives to cut energy ties with Moscow, instead opting to maintain supplies amid fears of mounting energy costs at home.

Both have also been vocally critical of giving more military and financial assistance to Ukraine and have previously threatened refused to back the EU’s regular extensions of sanctions against Russia. Both looked to extract concessions from the bloc before approving their renewal, most recently in March.

In announcing its latest plans to distance itself from Russia, the EU said Tuesday that its “roadmap” to phasing out all Russian energy imports would first introduce a ban on all imports of Russian gas (both pipeline and LNG) under new contracts and existing spot contracts, which would take effect by the end of 2025, before all remaining imports are phased out by the end of 2027.

The Commission’s legislative proposals, to be presented in June, will require approval from the European Parliament and a qualified majority of member states, meaning the plans cannot be vetoed by just a few countries.

“We can adopt it without unanimity,” European Commissioner for Energy Dan Jorgensen said in a press conference Tuesday, adding, “I hope that everybody will vote for it, obviously, but if they don’t, that is also ok, that is also part of the European Union that sometimes the majority makes decisions when necessary.”

He added that the bloc was currently in an “unacceptable situation” in which it was dependent on a Russian state and leader, President Vladimir Putin, who had “chosen to weaponize energy.” He added that importing Russian gas had indirectly helped to fill the Kremlin’s “war chests” to continue its war against Ukraine.

The Commission said in its statement Tuesday that it envisaged a “gradual and well-coordinated” approach across bloc, with member states being asked to prepare national plans by the end of this year “setting out how they will contribute to phasing out imports of Russian gas, nuclear energy and oil.” It’s uncertain whether Slovakia and Hungary will accede to the request.

CNBC has asked the Kremlin for a response to the EU’s proposals and is awaiting a reply.

Environment

Tesla doesn’t want to sell its new cheaper Model Y, here’s why

Published

7 hours ago

October 8, 2025

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Tesla doesn't want to sell its new cheaper Model Y, here's why

Despite hyping the product for a year and half, it is fairly clear that Tesla doesn’t want to sell its new cheaper Model Y. At least, in the US.

Here’s why.

Remember the Cybertruck RWD?

Tesla launched the new cheaper version of the Cybertruck in April for $10,000 less than the AWD and about $20,000 worth of features removed.

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By September, Tesla discontinued the model. It lasted a solid 6 months.

Many believed that Tesla wasn’t actually looking to sell the new version, which served more as making the Cybertruck AWD seemed like better value.

We might be witnessing a redo here witht the new standard Model Y that Tesla launched yesterday.

It costs $5,000 less than the Model Y Long Range RWD, which Tesla now calls “premium”, along with the AWD and Performance versions, while Tesla removed roughly $6,000-$8,000 worth of features.

The value proposition is not great, but that’s not the only reason why Tesla doesn’t seem to want to sell it.

The automaker currently doesn’t offer a lease on the new version, which is not unusual after having just launched a new variant or model. For example, Tesla is still not offering leases on the Model Y Performance, which only recently launched in the US.

But more importantly, Tesla is financing the new Model Y Standard at an APR almost 30% higher than for the cheaper “Premium” version.

The result is only $72 difference in monthly payments between the two versions:

The difference is virtually the same as between the Premium RWD and AWD, but you get a whole additional motor for that.

Electrek’s Take

We have been anticipating a situation like this, but it is honestly even worse than we thought.

For example, we didn’t anticipate Tesla removing Autopilot as standard. That alone is a few thousands dollars of value removed before even accounting for the hardware changes, such as the cloth interior, cheaper seats, or even the power folding mirrors.

Then, there are the honestly quite lazy changes, like not actually removing the glass roof, but covering it inside with a headliner.

The only really good thing I see from this launch is that it is very efficient EV and Tesla still has a lead on that front over most.

However, I have to reiterate that it is getting lazy with this lead.

The standard version is only 125 lbs lighter than the premium despite Tesla seemingly using the same battery pack with a few cells removed. When you add up all the features removal, the weight loss should be much more significant, but that’s harder to do when you make decision such as covering the glass roof rather removing it.

Tesla has to know that the value proposition here is not good.

It’s a bummer that Tesla went with that rather than a new smaller and less expensive vehicle as originally planned.

Especially when you consider that the decision was made to try to increase the utilization rate of Tesla’s current production lines, which appears to be running at about 60% amid this demand slump.

I don’t think this, and the new standard Model 3, which is better value to be fair, solve this situation.

As I previously stated, I believe this boost demand between 10-15% and that’s after Tesla either drops the price or introduces 0% interest financing, which I expect before the end of the quarter.

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Environment

Dumb Tesla news: “affordable” new Model Y costs $2,000 more than before

Published

12 hours ago

October 8, 2025

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On today’s incredibly frustrating episode of Quick Charge, Tesla is making it easier than ever to make fun of them by rolling out a new, “affordable” Model Y that costs $2,000 more than the “expensive” one did last week, thanks to the cancellation of the $7,500 tax credit that Elon Musk (the guy who is so good at business that he’s allegedly worth $1 trillion) spent $200 million campaigning for.

We’ve also got the new, single-motor Volvo EX30 at a price that undercuts the cheap Tesla, but includes a full length glass roof that isn’t inexplicably covered in upholstery to punish poor people. All this and more – enjoy!

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The 2026 Chevy Equinox EV gets a slight price bump and more

Published

18 hours ago

October 7, 2025

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The 2026 Chevy Equinox EV gets a slight price bump and more

Chevy’s electric SUV is now the best-selling EV in the US outside of Tesla. The 2026 Chevy Equinox EV is slightly more expensive than the outgoing model, but GM has added new style packages for you to choose from.

GM raises 2026 Chevy Equinox EV price, adds options

The Chevy Equinox EV doesn’t need much help. Starting at just $34,995, the 2025 Chevy Equinox quickly became one of the best-selling electric vehicles in the US.

Entering its third year, the Equinox EV remains GM’s most affordable EV, with starting prices slightly higher at $36,495. That includes the $1,395 destination fee.

Since it’s a carryover model, there aren’t too many changes, but buyers will have several new style packages to choose from.

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The 2026 Chevy Equinox LT gains a new Midnight Package, which adds black emblems, bowtie, badging, wheel caps, and 19″ black painted aluminum wheels, for $595.

There’s also a new Tech Bronze Package available on the LT and RS trims. The new option includes a Tech Bronze decal, a black nameplate, a black bowtie emblem, and 21″ Tech Bronze wheels. It costs an extra $3,595.

The 2026 Chevy Equinox EV is now listed on GM’s website. It’s still available in LT1, LT2, and RS trims with Front Wheel Drive (FWD) and All Wheel Drive (AWD) powertrain options.

The base 2026 LT FWD trim starts at $36,495 with up to 319 miles of range, including a $1,395 destination fee. Upgrading to AWD costs an extra $5,300, with a slightly shorter range of 307 miles.

Chevy Equinox EV trim	2025 Starting Price	2026 Starting Price	EPA-estimated Range
LT 1 FWD	$34,995	$36,495	319 miles
LT 1 AWD	$38,295	$39,795	307 miles
LT 2 FWD	$43,295	$43,295	319 miles
LT 2 AWD	$46,595	$46,595	307 miles
RS FWD	$44,795	$45,595	319 miles
RS AWD	$48,095	$48,895	307 miles

2025 and 2026 Chevy Equinox EV price and range by trim (Including $1,395 destination fee)

Following another record quarter of EV sales in Q3, GM said that the Chevy Equinox EV was the best-selling non-Tesla electric vehicle in the US.

With several new affordable EVs arriving, including the new Nissan LEAF, will the Equinox continue to be a top seller in 2026? It will be interesting to see where the rankings end up at this time next year.

Wondering if Chevy’s electric SUV lives up to the hype? You can use our link to find 2025 and 2026 Chevy Equinox EV models near you and try it out for yourself.

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