The leaders of the European Union (EU) member states have approved a plan to abandon Russian energy resources, called REPowerEU. This was announced on Twitter (NYSE:TWTR) by the head of the European Commission Ursula von der Leyen. Under the plan, the EU intends to reduce its dependence on Russian gas by 67%.

Ms. von der Leyen said that within the framework of REPowerEU European countries intend to mobilize up to €300 billion. About €10 billion of this amount will be used to finance missing links in the infrastructure for gas, LNG and oil to stop supplies from Russia. All the rest of the money will be spent on accelerating the transition to clean energy, the EC head specified.

“We are setting a new ambitious goal to free ourselves from dependence on Russian fossil fuels as soon as possible. We want to raise the EU’s energy efficiency target from 9% to 13% by 2030,” Ursula von der Leyen said at a press conference.