Earlier quoted context omitted.
Europe will then redirect the 300B euros it was investing in US treasuries annually to Eurobonds, while redirecting the $300M in purchasing from US companies to EU companies. This is biting the hand that feeds the US. Europe will buy LNG from Canada instead of the US, and continue to purchase imports from China. I agree though that a strong EU is needed, in part to defend against the US, as well as Russia (until the…
lol hahaha Europe will "say" and maybe in a few decades they might get around to starting some of that. Europe still buys gas from Russia; can't even ween itself off it during a war.
EU countries give final approval to Russian gas ban - https://www.reuters.com/business/energy/eu-countries-give-fi... | https://archive.today/wOHeR - January 26th, 2026
> Under the agreement, the EU will halt Russian liquefied natural gas imports by end-2026 and pipeline gas by September 30, 2027.
> The law allows that deadline to shift to November 1, 2027, at the latest, if a country is struggling to fill its storage caverns with non-Russian gas ahead of winter.
> Russia supplied more than 40% of the EU's gas before 2022. That share dropped to around 13% in 2025, according to the latest available EU data.
> The European Commission plans to also propose legislation in the coming months to phase out Russian pipeline oil, and wean countries off Russian nuclear fuel.
Ember Energy: The final push for EU Russian gas phase-out - https://ember-energy.org/latest-insights/the-final-push-for-... - March 27th, 2025
Considering Russian's invasion started February 24, 2022, it's fairly impressive Europe has only needed ~5 years to disconnect entirely from Russian gas supplies. Better late than never. They've proven they have the capacity to achieve these objectives in a timely manner, when motivated.