The European Union plans to create a new fund for energy investments to abandon Russian gas.
The European Union intends to create a new energy investment fund to phase out Russian gas. This was said at a press conference in Brussels by the head of the European Commission Ursula von der Leyen on Monday, December 12, Reuters reports.
According to him, the European Union should review its budget and decide on the possibility of creating a new fund for significant additional energy investments needed to stop EU countries from Russian gas.
“The question is whether this, the EU budget, still serves its purpose, so a new look through the interim budget review could open the door to the creation of a sovereign fund,” the official said.
He did not specify whether this new fund would require the EU to take on more joint debt obligations. However, the head of the European Commission stressed that the bloc’s existing funds need to be “supplemented from other sources.”
As previously reported, von der Leyen said that the European Union is benefiting in energy from an “unusually warm winter”.
Earlier, von der Leyen praised Italy, which has managed to significantly reduce its dependence on Russian gas.
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Source: korrespondent
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