EU leaders in talks about imposing new sanctions focused on fundraising capabilities of Russian oil and gas companies
Europe’s glaring exposure to Russian gas supply disruptionsdeep dependency on Russian gas could be slashed by a third if EU leaders place a higher priority on energy efficiency savings, according to the Institute for Public and Policy Research.
Europe imports about a third of its gas from Moscow and half of that flows through Ukraine. While only 15% of the UK’s gas comes from Russia, six of the states closest to the Russian border are completely reliant on it, raising fears of a "gas crunch" this winter, if the crisis in Ukraine is not resolved.