Economy
European leaders adopted the EU Energy Security Strategy in Brussels at the end of May 2014, just three months after Russia’s annexation of Crimea. Naturally, it took several months to prepare the proposal and, in the spirit of these times, the issue of Europe’s energy dependency on Russia weighed heavily. It was emphasized that Russia supplied 27% of the total EU natural gas consumption (and 39% of imports) as well as one-third of the total imports of crude oil and …read more
Source: Intersection