Article 1 — Subject matter

This Regulation provides a framework for eliminating the Union’s remaining exposure to the significant risks for trade and security of supply resulting from trade in natural gas with the Russian Federation and for preparing the effective and timely phase-out of oil imports from the Russian Federation by laying down: (a) a stepwise prohibition on imports of natural gas from the Russian Federation; (b) rules to implement and monitor that prohibition as well as the phase-out of oil imports from the Russian Federation; and (c) provisions to better assess the security of energy supplies in the Union.