EU's plan to gain independence from Russian energy falters
13 Articles
13 Articles
A 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.
With the money, the EU countries were to become independent of Russia: Brussels had allocated 300 billion to the energy transition, but the Member States made little use of it.
Brussels' plan for the EU to become independent of Russian oil and gas falls short. This is the conclusion of the European Court of Auditors (ECA) in a report published on Wednesday.
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...
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