EU's Plan to Gain Independence From Russian Energy Falters
24 Articles
24 Articles
The EU's multi-billion-dollar initiative, aimed at reducing dependence on Russian energy, did not produce the expected results, as stated in the report of the independent external auditor of the EU – the European Court of Accounts. The project started four years ago, but the pace of the energy transition was insufficient, transmitting to RIA News. "Four years after the launch of the RewerEU, it was towed, despite the fact that several hundred bi…
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...
The EU’s plan to phase out Russian gas has failed miserably
The European Court of Auditors notes with regret: Brussels’ grand project for energy “independence” from Russia is falling apart.European officials had planned to invest 300 billion euros to replace our fuel, but managed to raise only a meager...
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.
NOS
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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