EU's Plan to Gain Independence From Russian Energy Falters
20 Articles
20 Articles
EU member states have done too little to become less dependent on Russian oil and gas. That is the conclusion of the European Court of Auditors. Money that the...
Hundreds of billions of euros did not help: the EU's plan to abandon Russian energy resources has stalled, writes Bloomberg
Hundreds of billions of euros did not help: the EU's plan to abandon Russian energy resources has stalled, writes Bloomberg.According to the European Court of Auditors, the countries of the association have allocated less than a fifth of the 300...
REPowerEU, the EU plan for energy independence from Russia, is losing its momentum, in a context marked by new threats to Europe's energy security, against the background of tensions in the Middle East, shows a report published by the European Court of Auditors on Wednesday.
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cedarnews.netA massive sum intended to make the 27 EU member states less dependent on Russian fossil fuels remains unused. "Four years after its launch, REPowerEU has come to a standstill, even though hundreds of billions of euros are available," says Mihails Kozlovs of the European Court of Auditors, the organization that checks whether EU funds are being used properly. The program was launched in 2022 following the large-scale Russian invasion of Ukraine …
EU funding has played only a minor role in Russia's divestment from oil and gas, says the European Court of Auditors.
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