European Commission adopts long-term REPowerEU plan to abandon Russian energy resources as soon as possible

On May 18, 2022, the European Commission adopted a long-term plan for REPowerEU to get rid of Russia's energy resources, including natural gas, as soon as possible, European Commission President Ursula von der Leyen said at a briefing.

The plan envisages an increase in natural gas imports from other countries, an increase in the share of renewable energy sources, as well as energy efficiency. The EU will need to reduce energy consumption by 13% to completely get rid of its dependence on Russian energy resources.

According to Ursula von der Leyen, the EU is mobilizing a record amount of almost $ 300 billion to completely abandon Russia's energy resources.

In addition, the European Commission proposes to allocate up to € 9 billion in macro-financial assistance to Ukraine in 2022, as well as increase its own defense spending by € 200 billion in the coming years.