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Latest Articles in european union

EU Unveils 210 Bn Euro Plan To Ditch Russian Fossil Fuels

To wean countries off those fuels, Brussels proposed a three-pronged plan: a switch to import more non-Russian gas, a faster rollout of renewable energy, and more effort to save energy

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Europe's Gas Supply Crisis Grows After Russia Imposes Sanctions

Russia imposed sanctions late Wednesday mainly on Gazprom's European subsidiaries including Gazprom Germania, an energy trading, storage and transmission business that Germany placed under trusteeship last month to secure supplies

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EU Readies 195 Bn Euro Plan To Quit Russian Fossil Fuels

The Commission expects the measures to require 195 billion euros in investments, on top of those already needed to meet the bloc's 2030 climate target, which would help slash Europe's bill for fossil fuel imports

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EU Plans One-year Renewable Energy Permits For Faster Green Shift

Brussels will next week unveil a package of measures to end the European Union's reliance on Russia, by boosting renewable energy, saving energy and increasing gas imports from elsewhere

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EU Tweaks Russia Oil Sanctions Plan In Bid To Win Over Reluctant States: Sources

The European Commission has proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to prepare for the shift in their energy supplies, three EU sources said on Friday

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Oil Jumps 3% As EU Plans Ban On Russian Oil

European Commission President Ursula von der Leyen on Wednesday proposed a phased oil embargo on Russia over its war in Ukraine, as well as sanctioning Russia's top bank, in a bid to deepen Moscow's isolation

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EU Chief Proposes Russian Oil Ban Over War In Ukraine

"We will phase out Russian supply of crude oil within six months and refined products by the end of the year," Ursula von der Leyen told the European Parliament, prompting applause from lawmakers

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New EU Sanctions To Hit Russian Oil, Target More Banks

The latest round of sanctions would also affect Sberbank, Russia's top lender, diplomats said, adding it to several banks that have already been excluded from the SWIFT messaging system

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Former Policy Chiefs Warn EU Over Hunt For Non-Russian Fossil Fuels

The European Commission will this month unveil plans to end Europe's reliance on Russian energy, which are expected to expand renewable energy faster while encouraging the urgent replacement of Russian gas with alternative supplies

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Germany Would Weather Russian Oil Ban Despite Shortages: Economy Minister

Two European Union diplomats earlier said the bloc is leaning toward a ban on imports of Russian oil by the end of the year as part of a sixth package of sanctions against Russia over its invasion of Ukraine

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EU Leans Towards Russian Oil Ban By Year-end, Diplomats Say

The European Union is preparing a sixth package of sanctions against Russia in response to the invasion just over two months ago of Ukraine that Moscow calls a special military operation

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EU Looking At Concluding Free Trade Agreement With India By 2024

EU Ambassador Ugo Astuto said that the first round of talks will be held in June and they hope to have a couple of rounds before the end of the year

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European Commission Analysing Higher 45% Renewable Energy Target For 2030

Russia is the EU's top gas supplier, and the 40 per cent renewable energy goal for 2030 was proposed by the Commission last year

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Will Direct Energy Eastwards: Vladimir Putin

"EU countries talk of cutting off energy supplies from Russia, driving up prices and destabilising the market", Putin said

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Russian Gas Flow Continues Even As Europe Considers Fresh Sanctions

Russian state-owned energy giant Gazprom said it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers

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