Europe's Efforts to Phase Out Russian Fossil Fuels and the Challenges It Faces

Europe is on track to phase out Russian fossil fuels by the end of the decade, but imports of Russian gas are expected to drop. The EU has sanctioned Russian coal and seaborne oil imports, and has relied on a record expansion of solar energy to reduce gas use. However, global gas markets are tight, posing the risk of rising prices. European countries have increased their reliance on LNG from Russia despite energy sanctions, causing concerns about the bloc's goal to eliminate Russian fossil fuels by 2027.