Decryption

Russian fossil fuels: the EU put to the test of its dependence

Audio 7:30 p.m.

Russia supplies almost 50% of the natural gas and 20% of the oil consumed in the European Union.

© REUTERS/Francois Lenoir

By: Anne Corpet Follow

1 min

European leaders currently meeting in Brussels are trying to find a compromise to impose new sanctions against Moscow.

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They were to include an embargo on Russian oil, but despite the proposed arrangements, Hungary still refuses to bend.

65% of the oil consumed in this country comes from Russia and Viktor Orban opposes any decision that could threaten his supply of black gold.

"There is no acceptable compromise at the moment," he said as he arrived in Brussels earlier.

Will the European Union manage to implement the commission's plan which provides for the end of Russian oil imports within six months?

If so, at what price?

Will it also be able to do without Russian gas, as the Ukrainian authorities are insistently asking?

Decryption today looks at Europe's dependence on Russian fossil fuels.

With our guests:

- Phuc-Vinh Nguyen,

researcher specializing in French and European energy policies at the Jacques Delors Institute

- 

Economics Professor Paris Nanterre, Scientific Advisor to the Center for Prospective Studies and International Information (CEPII).  

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