EU rushes out $300 billion roadmap to ditch Russian energy

European Union FlagBRUSSELS (AP) — The European Union’s executive arm is moving to jump-start plans for the EU to abandon Russian energy amid the Kremlin’s war in Ukraine.

The European Commission proposed Wednesday a nearly 300 billion-euro package that includes more efficient use of fuels and faster deployment of renewable power.

Russia is the EU’s main supplier of oil, natural gas and coal, accounting for around a quarter of the bloc’s total energy.

The investment initiative is meant to help EU countries start weaning themselves off Russian fossil fuels this year.

The goal is to deprive Russia of tens of billions in revenue and strengthen EU climate policies.

Categories: National News