For two weeks, the European Union has been crafting impressive sanctions against Russia, starting with travel bans and continuing with the freezing of financial assets. Great Britain and the USA have acted similarly. However, many felt that the measures adopted were not strong or far-sighted enough and that it was necessary to address something even more critical - namely - Russian natural gas.

Now the EU has announced plans to cut gas supplies from Russia by 2/3. The goal is clear - to reduce dependence on Russian gas supplies by 2023.