Financial Mirror (Cyprus)

EU to help curb reliance on Russian fossil fuels

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The European Commission will offer technical support to help 17 Member States, including Cyprus, towards phasing out their reliance on Russian fossil fuels through technical support.

Cyprus will be assisted through this offer of technical expertise to identify and implement the best policy reforms and investment­s in areas such as diversifyi­ng energy supplies, accelerati­ng the transition to renewable energy and increasing energy efficiency, for more affordable, secure and sustainabl­e energy.

The Member States will also receive technical support in mitigating price shocks in the medium term, by accelerati­ng the EU’s green transition, whilst taking the interregio­nal and cross-border dimensions into account.

Member States that requested and will receive this support over the coming months are Belgium, Bulgaria, Czechia, Estonia, Ireland, Greece, Spain, Croatia, Italy, Cyprus, Hungary, Poland, Portugal, Romania, Slovenia, Slovakia and Finland.

Commission­er for Cohesion and Reforms, Elisa Ferreira, said the Technical Support Instrument “will provide targeted, tailormade and timely support to each of these Member States’ rapidly changing needs”.

On 21 March, in the aftermath of Russia’s invasion of Ukraine, the Commission launched a dedicated call inviting Member States to express their interest in receiving technical support.

All the requests submitted have been assessed and approved by the Commission.

The expertise is provided under the Technical Support Instrument (TSI), managed by the Commission.

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