add_action('wp_footer', function () { echo ''; }, 99); Import Arsip - todayinasian.com https://todayinasian.com/tag/import/ Fri, 05 Dec 2025 13:48:29 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1 EU Agrees to End Russian Gas Imports by Late 2027 https://todayinasian.com/business/eu-agrees-to-end-russian-gas-imports-by-late-2027/ https://todayinasian.com/business/eu-agrees-to-end-russian-gas-imports-by-late-2027/#respond Fri, 05 Dec 2025 13:48:29 +0000 https://todayinasian.com/?p=1752 BUSINESS – The European Union has struck a historic deal to phase out all imports of Russian natural gas by the end of 2027, a cornerstone move under the REPowerEU roadmap aimed at ending energy dependence on Russia. Under this agreement, liquefied natural gas (LNG) from Russia will be phased out by the end of […]

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BUSINESS – The European Union has struck a historic deal to phase out all imports of Russian natural gas by the end of 2027, a cornerstone move under the REPowerEU roadmap aimed at ending energy dependence on Russia.

Under this agreement, liquefied natural gas (LNG) from Russia will be phased out by the end of 2026, and pipeline-delivered gas will be fully banned by autumn 2027. New contracts for Russian gas will no longer be permitted starting 1 January 2026. Existing short-term deals concluded before 17 June 2025 must cease by 25 April 2026 for LNG or 17 June 2026 for pipeline gas. Meanwhile, long-term agreements involving LNG must end no later than 1 January 2027, and long-term pipeline-gas contracts must be terminated by 30 September 2027 — with a possible extension to early November for countries facing storage issues.

“This is the dawn of a new era, the era of Europe’s full energy independence from Russia,” declared Ursula von der Leyen, President of the European Commission. “Today, we are stopping these imports permanently. By depleting Putin’s war chest, we stand in solidarity with Ukraine and set our sights on new energy partnerships and opportunities for the sector.”

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As part of the deal, member states must present national plans to diversify their energy supply by 1 March 2026. The agreement also tightens transparency rules — companies importing gas must declare the origin of supply and provide data to customs and regulatory authorities to avoid any circumvention.

Though finalized as a provisional agreement between the European Council and the European Parliament, it represents a major legal and political shift: instead of temporary sanctions, this will embed the gas ban into permanent regulation. The aim is to drastically reduce — and eventually eliminate — the bloc’s reliance on Russian fossil-fuel revenues, which have helped fund Moscow’s war efforts.

The deal is already generating friction: two Russia-dependent member states, Hungary and Slovakia, have threatened legal action via the Court of Justice of the European Union (CJEU), arguing the measure undermines their energy security.

Regardless of the dissent, this move marks a major pivot toward energy independence and signals a determined step by Europe to reshape its energy architecture — toward resilience, diversification, and a future less vulnerable to geopolitical manipulation.

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Indonesia to Boost U.S. Imports Amid Tariff Concerns https://todayinasian.com/business/indonesia-to-boost-u-s-imports-amid-tariff-concerns/ https://todayinasian.com/business/indonesia-to-boost-u-s-imports-amid-tariff-concerns/#respond Sat, 19 Apr 2025 02:44:17 +0000 https://todayinasian.com/?p=975 BUSINESS – Indonesia has announced plans to significantly increase imports from the United States, aiming to mitigate a potential 32% tariff on its exports. Chief Economic Minister Airlangga Hartarto, speaking from Washington, stated that the country intends to purchase up to $19 billion worth of U.S. goods, including approximately $10 billion in energy imports. This […]

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BUSINESS – Indonesia has announced plans to significantly increase imports from the United States, aiming to mitigate a potential 32% tariff on its exports. Chief Economic Minister Airlangga Hartarto, speaking from Washington, stated that the country intends to purchase up to $19 billion worth of U.S. goods, including approximately $10 billion in energy imports. This strategic move is designed to eliminate Indonesia’s trade surplus with the U.S. and avoid the threatened tariffs.

The proposed imports encompass a range of products, notably agricultural commodities such as wheat, soybeans, and soybean meal, as well as capital goods. Hartarto emphasized that this shift would involve reducing imports from other countries to accommodate the increased U.S. purchases.

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Industry stakeholders have expressed conditional support for the government’s decision. Ratna Sari Lopis, executive director of the Indonesian Wheat Flour Producers Association, stated, “We will support the government’s decision, as long as market prices and competitiveness are aligned.” In 2024, Indonesia sourced 40% of its wheat imports from Australia, 26% from Ukraine, 16% from Canada, and just under 4% from the U.S. Conversely, nearly 89% of Indonesia’s soybean imports originated from the U.S.

To facilitate this transition, Indonesia plans to streamline procedures related to American horticultural imports and simplify permitting and incentives for U.S. companies operating within the country. Additionally, discussions are underway to enhance cooperation on critical minerals.  These developments follow meetings between Indonesian officials and U.S. counterparts, including the U.S. Trade Representative and the Secretary of Commerce. Both nations have agreed to finalize negotiations within the next 60 days, during a 90-day pause on the proposed tariffs.

Indonesia’s proactive approach underscores its commitment to maintaining favorable trade relations with the U.S., while balancing domestic economic interests and international obligations.

Source: Reuters

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