The European Union has finally managed to reach an agreement on how to phase out imports of Russian natural gas in line with sanction efforts to punish Moscow for the invasion of Ukraine by sapping its energy commodity export revenues. The agreement reached this week will involve a legally binding, gradual reduction in both LNG and pipeline gas imports from Russia, eventually resulting in a full ban on these exports, with the deadlines set for the end of 2026 for LNG and the autumn of 2027 for pipeline gas, Reuters reported today. The publication…