Now playing Next Economy Explained: Just how dependent is the EU on Russian oil? The bloc gets over 25% of its oil from Russia through a vast network of ports and pipelines. 03/05/2022
Now playing Next Europe News Belgians resigned but not yet panicking as prices continue to rise Inflation in Belgium is one of the highest in Europe, while Brussels has a high unemployment rate. 03/05/2022
Now playing Next Europe News Any EU state could be next victim of Russian energy cuts — Commission The European Commission is due to publish proposals on a potential Russian oil embargo, following a meeting of energy ministers in Brussels. 02/05/2022
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Now playing Next Europe News EU allows Spain and Portugal to cap electricity prices temporarily The political agreement should result in electricity bills being temporarily halved for about 40% of Spanish and Portuguese consumers with regulated rates. 26/04/2022
Now playing Next Money EU sees a way to pay for Russian gas without breaching war sanctions Russian president Vladimir Putin had decreed in March that all payments for oil and gas must be made in roubles after the West imposed sanctions. 23/04/2022
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Now playing Next Europe Decoded The EU needs lithium to help wean it off oil. But is there enough? Lithium mining has been controversial in Serbia and Portugal, but it is integral to Europe's energy transition. 14/04/2022
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Now playing Next Economy After coal, the EU faces an uphill battle to ban Russian oil and gas As EU countries agree to ban Russian coal, all eyes turn to oil and gas, Moscow's most profitable exports. 12/04/2022
Now playing Next Europe Decoded Coal, vodka and Putin's daughters: Here are the latest EU sanctions For the first time, EU countries have agreed to target energy supplies, even if coal represents a small fraction of total purchases. 08/04/2022
Now playing Next Europe News Euroviews. Watch: Do MEPs think the EU should ban imports of Russian gas and oil? The bloc has decided to phase out all purchases of Russian coal. Should oil and gas be next? 08/04/2022
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Now playing Next Europe News EU's spending since war began: Russian energy €35bn; Ukraine aid €1bn The "gigantic difference" reflects the need for the EU to become independent from Russian fossil fuels, the bloc's foreign policy chief said. 06/04/2022
Now playing Next Russia Ukraine denies responsibility for Russian fuel depot attack The Russian governor of the region claimed that Ukrainian helicopters flew into Russia to attack the site at Belgorod, a logistics hub 40km from the border. 01/04/2022
Now playing Next Russia Will Putin cut Europe off if gas payments aren't made in roubles? Moscow says its demand for "unfriendly" buyers to pay for gas in roubles does not mean supplies will be immediately interrupted. 31/03/2022
Now playing Next Ukraine Euroviews. Ukraine paying the price of EU's energy dependency on Russia | View "At the start of March, as Russian troops destroyed Ukrainian cities, the EU was paying Russia around €800 million a day for gas — drastically undercutting the economic impact of Western sanctions and funding the war." 29/03/2022
Now playing Next Europe Decoded Analysis: How the EU's gas addiction is helping Russia's war machine In little over a month since Russia invaded Ukraine, the EU spent more than €21 billion on Russian fossil fuels, including €13 billion on gas, according to the Centre for Research on Energy and Clean Air (CREA). 29/03/2022
Now playing Next state of the union Europe's week: Ukraine remains in focus as Brussels hosts summits US president Joe Biden was in the Belgian capital to try and demonstrate the West's unity. 25/03/2022
Now playing Next Europe News EU leaders rebuff Spain's pleas for reforms to curb electricity prices The European Council only gave Spain and Portugal permission to introduce a price cap on electricity. 25/03/2022