The 27-nation bloc acknowledges it has been far too reliant on Russia for natural gas and oil and has been struggling to find the right mix of sanctions to punish the Kremlin for invading Ukraine while still requiring Russian fossil fuels.
With energy prices high and supplies low, the EU is looking at its last crisis – the COVID-19 pandemic – as a blueprint. The member states joined up to buy vaccines in huge quantities for an equitable distribution. “I expect that this would be the approach which should be also endorsed by the heads of states and government,” during a two-day summit starting Thursday, Sefcovic said.
EU leaders already agreed in principle at a March 11 summit to phase out dependency on Russian gas, oil and coal imports by 2027.
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