An oil tank in Germany; the EU unveiled plans to end Europe’s reliance on Russian fuel. Photo: Bloomberg
An oil tank in Germany; the EU unveiled plans to end Europe’s reliance on Russian fuel. Photo: Bloomberg

EU unveils escape route from Russian fossil fuels; US$220 billion plan to be completed by 2027

  • The invasion of Ukraine by Russia, Europe’s top gas supplier, has prompted the EU to rethink its energy policies amid sharpened concerns of supply shocks
  • Brussels proposed a three-pronged plan: a switch to import more non-Russian gas, a faster roll-out of renewable energy, and more effort to save energy

An oil tank in Germany; the EU unveiled plans to end Europe’s reliance on Russian fuel. Photo: Bloomberg
An oil tank in Germany; the EU unveiled plans to end Europe’s reliance on Russian fuel. Photo: Bloomberg
READ FULL ARTICLE