EU Plans 2/3rd Cut In Russian Gas Imports This Year Over Ukraine Invasion
NDTV
Ukraine war: The European Commission said it could erase a huge share of its dependency on Russia by tapping new gas supplies.
The EU wants to vastly reduce Russian gas imports this year, a top official said, as political pressure mounts to sever Russia's main economic lifeline over its invasion of Ukraine.
The European Commission, the EU's executive arm, will announce the goal later on Tuesday as the bloc's member nations stepped back from implementing a ban on Russian energy imports in the face of worries that the economic consequences would be too severe.
Instead, the commission said it could erase a huge share of its dependency on Russia by tapping new gas supplies, ramping up reserves for next winter and accelerating efforts to be more energy efficient.
"I think we can present a plan...that will substantially reduce our dependence on Russian gas already this year," EU Commission vice president Frans Timmermans told the European Parliament on Monday.
