diff --git a/cmd/compose/compose.go b/cmd/compose/compose.go
index 080d25f765d..8faf323e072 100644
--- a/cmd/compose/compose.go
+++ b/cmd/compose/compose.go
@@ -37,6 +37,7 @@ import (
 	dockercli "github.com/docker/cli/cli"
 	"github.com/docker/cli/cli-plugins/manager"
 	"github.com/docker/cli/cli/command"
+	cliopts "github.com/docker/cli/opts"
 	"github.com/docker/compose/v2/cmd/formatter"
 	"github.com/docker/compose/v2/internal/desktop"
 	"github.com/docker/compose/v2/internal/experimental"
@@ -70,6 +71,26 @@ const (
 	ComposeMenu = "COMPOSE_MENU"
 )
 
+// rawEnv load a dot env file using docker/cli key=value parser, without attempt to interpolate or evaluate values
+func rawEnv(filename string, lookup func(key string) (string, bool)) (map[string]string, error) {
+	lines, err := cliopts.ParseEnvFileWithLookup(filename, lookup)
+	if err != nil {
+		return nil, err
+	}
+	vars := types.Mapping{}
+	for _, line := range lines {
+		key, value, _ := strings.Cut(line, "=")
+		vars[key] = value
+	}
+	return vars, nil
+}
+
+func init() {
+	// compose evaluates env file values for interpolation
+	// `raw` format allows to load env_file with the same parser used by docker run --env-file
+	dotenv.RegisterFormat("raw", rawEnv)
+}
+
 type Backend interface {
 	api.Service
 
diff --git a/cmd/formatter/colors.go b/cmd/formatter/colors.go
index 8b2ed5246dc..a2f57f438e7 100644
--- a/cmd/formatter/colors.go
+++ b/cmd/formatter/colors.go
@@ -21,7 +21,7 @@ import (
 	"strconv"
 	"sync"
 
-	"github.com/docker/compose/v2/pkg/api"
+	"github.com/docker/cli/cli/command"
 )
 
 var names = []string{
@@ -59,7 +59,7 @@ const (
 )
 
 // SetANSIMode configure formatter for colored output on ANSI-compliant console
-func SetANSIMode(streams api.Streams, ansi string) {
+func SetANSIMode(streams command.Streams, ansi string) {
 	if !useAnsi(streams, ansi) {
 		nextColor = func() colorFunc {
 			return monochrome
@@ -68,7 +68,7 @@ func SetANSIMode(streams api.Streams, ansi string) {
 	}
 }
 
-func useAnsi(streams api.Streams, ansi string) bool {
+func useAnsi(streams command.Streams, ansi string) bool {
 	switch ansi {
 	case Always:
 		return true
diff --git a/go.mod b/go.mod
index da8a67a3292..7cdac54a38d 100644
--- a/go.mod
+++ b/go.mod
@@ -193,4 +193,6 @@ require (
 	tags.cncf.io/container-device-interface v0.8.0 // indirect
 )
 
-replace github.com/compose-spec/compose-go/v2 => github.com/compose-spec/compose-go/v2 v2.2.1-0.20240926141145-d3fd7d94aa31
+replace github.com/compose-spec/compose-go/v2 => github.com/ndeloof/compose-go/v2 v2.0.1-0.20241002065538-2d728e7fdf2e
+
+replace github.com/docker/cli => github.com/ndeloof/cli v0.0.0-20241002062458-a9adc954e073
diff --git a/go.sum b/go.sum
index c980ef2ce2e..ebcc48b3c38 100644
--- a/go.sum
+++ b/go.sum
@@ -85,8 +85,6 @@ github.com/cncf/xds/go v0.0.0-20231128003011-0fa0005c9caa h1:jQCWAUqqlij9Pgj2i/P
 github.com/cncf/xds/go v0.0.0-20231128003011-0fa0005c9caa/go.mod h1:x/1Gn8zydmfq8dk6e9PdstVsDgu9RuyIIJqAaF//0IM=
 github.com/codahale/rfc6979 v0.0.0-20141003034818-6a90f24967eb h1:EDmT6Q9Zs+SbUoc7Ik9EfrFqcylYqgPZ9ANSbTAntnE=
 github.com/codahale/rfc6979 v0.0.0-20141003034818-6a90f24967eb/go.mod h1:ZjrT6AXHbDs86ZSdt/osfBi5qfexBrKUdONk989Wnk4=
-github.com/compose-spec/compose-go/v2 v2.2.1-0.20240926141145-d3fd7d94aa31 h1:1LUnOD+HiecazmN9NDFE9mtwywIehxt/I4g0jc/syc0=
-github.com/compose-spec/compose-go/v2 v2.2.1-0.20240926141145-d3fd7d94aa31/go.mod h1:lFN0DrMxIncJGYAXTfWuajfwj5haBJqrBkarHcnjJKc=
 github.com/containerd/cgroups v1.1.0 h1:v8rEWFl6EoqHB+swVNjVoCJE8o3jX7e8nqBGPLaDFBM=
 github.com/containerd/cgroups v1.1.0/go.mod h1:6ppBcbh/NOOUU+dMKrykgaBnK9lCIBxHqJDGwsa1mIw=
 github.com/containerd/console v1.0.4 h1:F2g4+oChYvBTsASRTz8NP6iIAi97J3TtSAsLbIFn4ro=
@@ -128,8 +126,6 @@ github.com/distribution/reference v0.6.0 h1:0IXCQ5g4/QMHHkarYzh5l+u8T3t73zM5Qvfr
 github.com/distribution/reference v0.6.0/go.mod h1:BbU0aIcezP1/5jX/8MP0YiH4SdvB5Y4f/wlDRiLyi3E=
 github.com/docker/buildx v0.17.1 h1:9ob2jGp4+W9PxWw68GsoNFp+eYFc7eUoRL9VljLCSM4=
 github.com/docker/buildx v0.17.1/go.mod h1:kJOhOhS47LRvrLFRulFiO5SE6VJf54yYMn7DzjgO5W0=
-github.com/docker/cli v27.3.1+incompatible h1:qEGdFBF3Xu6SCvCYhc7CzaQTlBmqDuzxPDpigSyeKQQ=
-github.com/docker/cli v27.3.1+incompatible/go.mod h1:JLrzqnKDaYBop7H2jaqPtU4hHvMKP+vjCwu2uszcLI8=
 github.com/docker/cli-docs-tool v0.8.0 h1:YcDWl7rQJC3lJ7WVZRwSs3bc9nka97QLWfyJQli8yJU=
 github.com/docker/cli-docs-tool v0.8.0/go.mod h1:8TQQ3E7mOXoYUs811LiPdUnAhXrcVsBIrW21a5pUbdk=
 github.com/docker/distribution v2.7.1+incompatible/go.mod h1:J2gT2udsDAN96Uj4KfcMRqY0/ypR+oyYUYmja8H+y+w=
@@ -357,6 +353,10 @@ github.com/munnerz/goautoneg v0.0.0-20191010083416-a7dc8b61c822/go.mod h1:+n7T8m
 github.com/mwitkow/go-conntrack v0.0.0-20161129095857-cc309e4a2223/go.mod h1:qRWi+5nqEBWmkhHvq77mSJWrCKwh8bxhgT7d/eI7P4U=
 github.com/mxk/go-flowrate v0.0.0-20140419014527-cca7078d478f h1:y5//uYreIhSUg3J1GEMiLbxo1LJaP8RfCpH6pymGZus=
 github.com/mxk/go-flowrate v0.0.0-20140419014527-cca7078d478f/go.mod h1:ZdcZmHo+o7JKHSa8/e818NopupXU1YMK5fe1lsApnBw=
+github.com/ndeloof/cli v0.0.0-20241002062458-a9adc954e073 h1:+D7DoyHrvA/GxnYFkZeG+qqx6ozsf4wyf57tkEhGapE=
+github.com/ndeloof/cli v0.0.0-20241002062458-a9adc954e073/go.mod h1:wxmb4t3v3ZwISBr3B/B631+3VJe+erAxkl3vXQwXj2c=
+github.com/ndeloof/compose-go/v2 v2.0.1-0.20241002065538-2d728e7fdf2e h1:NXonWgToLhvW6urgyxu2QWtXEgyahpcdlf9wxf2lPNE=
+github.com/ndeloof/compose-go/v2 v2.0.1-0.20241002065538-2d728e7fdf2e/go.mod h1:lFN0DrMxIncJGYAXTfWuajfwj5haBJqrBkarHcnjJKc=
 github.com/niemeyer/pretty v0.0.0-20200227124842-a10e7caefd8e/go.mod h1:zD1mROLANZcx1PVRCS0qkT7pwLkGfwJo4zjcN/Tysno=
 github.com/onsi/ginkgo v1.6.0/go.mod h1:lLunBs/Ym6LB5Z9jYTR76FiuTmxDTDusOGeTQH+WWjE=
 github.com/onsi/ginkgo v1.12.0 h1:Iw5WCbBcaAAd0fpRb1c9r5YCylv4XDoCSigm1zLevwU=
diff --git a/pkg/e2e/env_file_test.go b/pkg/e2e/env_file_test.go
new file mode 100644
index 00000000000..f4982655da0
--- /dev/null
+++ b/pkg/e2e/env_file_test.go
@@ -0,0 +1,31 @@
+/*
+   Copyright 2020 Docker Compose CLI authors
+
+   Licensed under the Apache License, Version 2.0 (the "License");
+   you may not use this file except in compliance with the License.
+   You may obtain a copy of the License at
+
+       http://www.apache.org/licenses/LICENSE-2.0
+
+   Unless required by applicable law or agreed to in writing, software
+   distributed under the License is distributed on an "AS IS" BASIS,
+   WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+   See the License for the specific language governing permissions and
+   limitations under the License.
+*/
+
+package e2e
+
+import (
+	"strings"
+	"testing"
+
+	"gotest.tools/v3/assert"
+)
+
+func TestRawEnvFile(t *testing.T) {
+	c := NewParallelCLI(t)
+
+	res := c.RunDockerComposeCmd(t, "-f", "./fixtures/dotenv/raw.yaml", "run", "test")
+	assert.Equal(t, strings.TrimSpace(res.Stdout()), "'{\"key\": \"value\"}'")
+}
diff --git a/pkg/e2e/fixtures/dotenv/.env.raw b/pkg/e2e/fixtures/dotenv/.env.raw
new file mode 100644
index 00000000000..306900800fc
--- /dev/null
+++ b/pkg/e2e/fixtures/dotenv/.env.raw
@@ -0,0 +1 @@
+TEST_VAR='{"key": "value"}'
\ No newline at end of file
diff --git a/pkg/e2e/fixtures/dotenv/raw.yaml b/pkg/e2e/fixtures/dotenv/raw.yaml
new file mode 100644
index 00000000000..a65664273d3
--- /dev/null
+++ b/pkg/e2e/fixtures/dotenv/raw.yaml
@@ -0,0 +1,7 @@
+services:
+  test:
+    image: alpine
+    command: sh -c "echo $$TEST_VAR"
+    env_file:
+      - path: .env.raw
+        format: raw # parse without interpolation
\ No newline at end of file