Russia’s invasion of Ukraine leads to massive shift in energy trade relations

Russia’s invasion of Ukraine leads to massive shift in energy trade relations

.The United States and the European Union have announced a plan to reduce the bloc's reliance on Russian fossil fuels.

Under the deal, the US will increase its liquified natural gas (LNG) exports to Europe by 15 billion cubic meters this year, the White House said.

The initiative was unveiled by US President Joe Biden and European Commission President Ursula von der Leyen.

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