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home / news releases / ERTH - Lithuania is first EU nation to cut off Russian gas. Will the bloc follow suit?


ERTH - Lithuania is first EU nation to cut off Russian gas. Will the bloc follow suit?

Europe may attempt to take additional steps away from Russian energy following the widely reported civilian atrocities in Bucha. Hundreds of bodies have been found in the town (and others) recaptured from retreating Russian forces - prompting an investigation into possible war crimes - though Moscow has denied the massacre, calling it a "provocation" and a "staged performance. The EU currently gets about 40% of its natural gas from Russia, which powers everything from household heating to factory production, and makes up around 25% of the bloc's total energy consumption. Bigger picture: While immediate steps may include a ban on Russian ships from EU ports and putting more pressure on oligarchs, the big elephant in the room is a ban on Russian oil and gas. Momentum is building in Germany for such a step (the country already announced it would be "virtually independent" by the end of 2022), while Italian

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Lithuania is first EU nation to cut off Russian gas. Will the bloc follow suit?
Stock Information

Company Name: Invesco MSCI Sustainable Future ETF
Stock Symbol: ERTH
Market: NYSE

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