Europeans weigh costs of cutting Russian energy over Ukraine Posted on May 5, 2022 by cngpump European Union countries import 40 per cent of gas and 25 per cent of oil from Russia, and the current EU timetable doesn’t foresee energy independence from Moscow for another five years. As atrocities unfold, the EU is looking to sharpen sanctions. Related posts: Greece builds new LNG terminal to boost Europe’s energy independence World shares, oil decline as EU energy ministers to meet ‘Small actions’ can help reduce reliance on Russian energy: IEA Exxon Mobil may completely withdraw from Russia by June 24: sources Oil importers India, Thailand to be hit hardest by Ukraine crisis among APAC nations : S&P LNG projects in the Gulf of Mexico boosted as Russian gas alternative
