Europe on the Brink: Returning to Russian Oil Would Be a Catastrophe, von der Leyen Says

Europe would be making a strategic error if it sought to address soaring energy prices by returning to Russian fossil fuels, European Commission President Ursula von der Leyen stated on Wednesday. She emphasized that abandoning the EU’s long-term energy strategy would undermine efforts to deprive Russia of revenue that funds its military operations against Ukraine. Von der Leyen outlined that the European Union is preparing alternative measures to reduce energy costs, including more efficient use of power purchasing agreements, state aid initiatives, and subsidies or price caps for gas and electricity....