Europe Cuts Russian Energy Ties, Turns to Norway and U.S
European Commission Economy Commissioner Valdis Dombrovskis told Bloomberg that energy ties with Russia have 'basically been severed'.
Consensus
- Europe has largely completed its energy break with Russia.
- Norway and the United States are now key energy suppliers to Europe.
- Europe has invested in diversification of gas supplies, renewables, and energy efficiency.
- The share of renewable energy in EU electricity production increased from 39% in 2022 to 47% in 2025.
- Households have reduced gas consumption by about 15% compared to pre-conflict levels.
- Businesses have adapted to use energy when it is cheap, especially with the help of industrial storage solutions.
- The European energy market remains vulnerable to price volatility and winter demand spikes.
- High energy prices continue to affect households, with some choosing between heating and food.
Points of divergence
- Eurosceptic concerns about the upcoming winter being especially harsh due to high energy prices were raised by energy commissioner Dan Jørgensen. — fontanka
- Russia's Deputy Prime Minister Alexander Novak stated that Russia is ready to fulfill long-term contracts with Europe and that the EU's decision to cut ties was political, not legal. — fontanka
- The price of gas on European exchanges exceeded $1200 per 1000 cubic meters for the first time since December 2022. — vedomosti
- Gazprom CEO Alexey Miller warned that gas prices could reach $2500 per 1000 cubic meters in a cold winter. — vedomosti
- Politico reported in October that Europe might face a gas deficit in winter and rising utility bills. — vedomosti
Coverage (3 sources)
- Europe almost completely abandoned Russian energy resources. Who is now heating it? — Фонтанка
- EU Commissioner Dombrovskis: EU as a whole has completed the energy break with Russia — Коммерсантъ
- EU Commissioner declares practically complete severance of energy links with Russia — Ведомости