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EU sets date for energy independence from Russia — RT Business News


Brussels plans to propose phasing out Russian fossil fuels to improve European energy security

The European Commission plans to unveil, ahead of its May summit, a package of proposals to ditch Russian gas, oil and coal, European Commission chief Ursula von der Leyen said on Friday.

Under the proposed plan, the Commission should present, by mid-May, a number of possible measures to “optimize” the design of the electricity market with a view to decarbonizing the energy mix. The plan is expected to help completely eliminate dependence on Russian fossil fuels by 2027.

“In the short term, we have to deal with high energy prices and prepare for next winter. In addition to price regulation and state aid, we are looking at options to limit the rise in electricity prices,” said von der Leyen.

Earlier this week, the President of the EC said in a message on Twitter that the EU was “too dependent on Russian fossil fuels and, in particular, gas.”

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