US, EU announce new partnership to undercut Russian energy, further isolate Putin

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Title : US, EU announce new partnership to undercut Russian energy, further isolate Putin
Link : US, EU announce new partnership to undercut Russian energy, further isolate Putin

BRUSSELS (AP) — The United States and European Union on Friday announced a new partnership to reduce the continent’s reliance on Russian energy, a step top officials characterized as the start of a years-long initiative to further isolate Moscow after its invasion of Ukraine.

US President Joe Biden asserted that Russian President Vladimir Putin uses energy to “coerce and manipulate his neighbors” and uses the profits from its sale to “drive his war machine.”

Biden said the partnership he announced jointly with a top European Union official will turn that dynamic on its head by reducing Europe’s dependence on Russian energy sources, as well reducing the continent’s demand for gas overall.

The president said such a step is not “only the right thing to do from a moral standpoint” but “it’s going to put us on a stronger strategic footing.”

Under the plan, the US and other nations will increase liquified natural gas exports to Europe by 15 billion cubic meters this year, though US officials were unable to say exactly which countries will provide the extra energy this year. Even larger shipments would be delivered in the future. READ MORE