India, June 18 -- The European Union has announced that it will gradually and effectively stop the import of Russian gas and oil by the end of 2027, under a legislative proposal put forward by the European Commission.
This will end the EU's exposure to market and economic security risks due to dependency on Russian fossil fuels, and ultimately boost the Union's energy independence and competitiveness.
European Commission President Ursula von der Leyen said, "Russia has repeatedly attempted to blackmail us by weaponizing its energy supplies. We have taken clear steps to turn off the tap and end the era of Russian fossil fuels in Europe for good."
Tuesday's legislative proposal follows the REPowerEU Roadmap, which the Commission adopted la...