EU nations agreed Wednesday to allow the European Commission to vet their oil and gas deals with third countries like Russia to guard against anti-competitive practices and supply disruptions.
Overcoming resistance from member states wary of ceding sovereignty, the EU executive welcomed the deal with the bloc’s 28 nations and the European Parliament as a boost in its drive for a single EU energy market and to curb reliance on Russian gas.
Concerns in Europe over the EU’s reliance on Russia for over a third of its gas needs have grown since pricing spats between Moscow and Kyiv disrupted gas supplies and …read more
Source: Voice of America
