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EU unveils escape route from Russian fossil fuels by 2027

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Reuters UK

By Kate Abnett BRUSSELS (Reuters) -The European Commission on Wednesday unveiled a 210 billion euro plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy. The invasion of Ukraine by Russia, Europe’s top gas supplier, has prompted the European Union to rethink its energy policies amid sharpened concerns of supply shocks. Russia supplies 40% of the bloc’s gas and 27% of its imported oil, and EU countries are struggling to agree sanctions on the latter. To wean countries off those fuels, Brussels propos…

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