EU unveils plan to end reliance on Russian gas
Published : 09 Mar 2022, 04:03
Updated : 09 Mar 2022, 04:21
As countries scramble to reduce their reliance on Russia's oil and gas in the wake of its invasion of Ukraine, few places are as exposed as the European Union, reported British Broadcasting Corporation (BBC).
The EU gets roughly 40% of its gas from Russia: According to figures from research group Transport & Environment, this dependence costs around $118m a day.
But moving with a speed few thought possible, the EU has now laid out a strategy that could cut reliance on this fuel source by two thirds within a year, said BBC.
The REPowerEU plan aims to make Europe independent of Russian fossil fuels by 2030, but the initial efforts focus solely on gas.
Click BBC to read the detail original report.
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