US and EU sign deal to reduce Europe’s reliance on Russian gas

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President Joe Biden and the European Union have announced a liquefied natural gas (LNG) deal to reduce Europe’s reliance on Russian fossil fuels.

The deal was announced yesterday during a three-day visit by the United States president to Brussels, Belgium.

The United States had banned the importation of coal, gas, and oil from Russia amid the invasion of Ukraine.

The new development is on the back of Russia’s invasion of Ukraine amid Western sanctions to weaken the economic position of the Kremlin.

It said the task force, aimed at strengthening European energy security, would be chaired by a representative from the White House and a representative of the President of the European Commission.