In a new publication, the Bruegel think-tank looks at how the EU has adapted to the energy situation following Russia’s invasion of Ukraine just two years ago. While energy trade between the EU and Russia has fallen considerably since February 2022, the authors believe that the EU could still do more to reduce its dependence.
In total, the EU has reduced Russian fossil fuel imports from a maximum of $16 billion dollars per month at the beginning of 2022 to around $1 billion per month at...