European Commission President Ursula von der Leyen announced on Wednesday that the EU would raise its renewable energy targets and invest billions of euros in clean energy in a bid to break away from Russian oil and gas imports. Consumers will pay a price, however, with the EU’s plan including energy rationing and compulsory solar panels on homes.
With consumers across the EU already grappling with skyrocketing inflation and record fuel prices, Russian President Vladimir Putin said on Tuesday that European countries are committing economic “suicide” by trying to wean themselves off Russian oil and gas, accusing them of caving to pressure “from their American overlord” without “paying any attention to the damage that they have already caused their own economy.”