The European Commission is confident that the European Union will manage to avoid the economic blowback from a new US Senate bill that envisions 500% tariffs on importers of Russian energy, which, if applied, would wreck about a dozen member states.
"We are in the process of phasing out imports of fossil fuels from Russia, and therefore, this should ultimately not be a problem," Paula Pinho, the Commission's chief spokesperson, said on Tuesday afternoon.
