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  • EU pledges to cut Russian gas imports by two-thirds before the end of the year

    03/08/2022 7:09:31 AM PST · by SpeedyInTexas · 43 replies
    CNBC ^ | 08-MAR-2022 | Silvia Amaro
    The European Union on Tuesday presented a new plan to reduce its dependency on Russian energy, amid Moscow’s invasion of Ukraine, sky-high prices and a potential embargo of Russian crude. The European Commission, the executive arm of the EU, wants to cease its buying of fossil fuels from Russia before 2030. And it has now presented a new pledge to reduce its purchases of Russian gas by two-thirds before the end of the year.