The European Union will phase out its dependence on Russian imports of gas, oil and coal as soon as possible, as stated in the Versailles Declaration, the communiqué from the two-day European Council summit says, Trend reports quoting

On the basis of this document, the European Council looks forward to the comprehensive and ambitious plan, drawn up in close coordination with the Member States, which the Commission will present for this purpose by the end of May 2022. National circumstances and the energy mix Member States will be taken into account.

The European Council discussed how to further help the most vulnerable consumers and support European businesses in the short term.

“The European Council discussed the EU’s short-term preparedness and instructed the Council to examine the Commission’s proposals on EU gas storage policy, taking due account and addressing the interests Member States with significant storage capacity to ensure a fair balance. The filling of gas storage across the Union should start as soon as possible, taking full account of national preparedness measures”, we read in the document.

The European Council proposed to work together on voluntary joint purchasing of gas, LNG and hydrogen, making best use of the collective political and market weight of the European Union and its Member States to moderate prices in the negotiations.

As the meeting participants decided, the Common Purchasing Platform will also be open to the Western Balkan countries and the three associated Eastern Partners (Ukraine, Georgia and Moldova).


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