www.bloomberg.com
The EU is nearing an agreement to legally mandate the phasing out of Russian fossil fuels, effectively ending the bloc’s dependence on Russia as a primary energy source. This landmark deal signifies a significant shift in European energy policy following Russia’s invasion of Ukraine and aims to reduce the EU’s vulnerability to energy supply disruptions and geopolitical pressure. While the details of the specific timeline and measures are still being finalized, the agreement underscores the EU’s commitment to energy independence and diversification.
