(MENAFN- Kuwait News Agency (KUNA)) BRUSSELS, June 27 (KUNA) -- The European Union and the US expressed on Monday their determination to work together to end their reliance on Russian energy.
'We are also working together to find ways to further reduce Russia's energy-derived revenues in the coming months to further curtail Russia's ability to fund its unprovoked war in Ukraine. These actions are important, necessary, and immediate steps we can take, but we also recognize the enormity of the challenge is significant' said the President of the European Commission Ursula von der Leyen and US President Joe Biden in a joint statement released on Monday.
Bother leaders' are attending the G7 summit in Germany.
The EU and US said they are also partnering to diversify energy supplies to Europe.
'While Russia has cut supplies of natural gas to several EU Member States, the United States and other producers have stepped up. Since March, global LNG exports to Europe have risen by 75 percent compared to 2021, while US LNG exports to Europe have nearly tripled,' it noted.
'The United States is a key partner for the sustainable diversification of gas supplies to this region and other acutely impacted EU Member States, including by supporting demand reduction and accelerating clean technologies,' it stated. (end)
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