Bill > SRes488

This resolution expresses the Senate's support for the European Union's efforts to reduce dependence on Russian energy sources, particularly in response to Russia's invasion of Ukraine. The resolution acknowledges the EU's REPowerEU initiative, which aims to phase out Russian energy imports by 2028, and highlights that the EU has already reduced Russian fossil fuel imports by approximately 90% since February 2022. It specifically calls out Hungary for increasing its dependence on Russian energy and not adhering to the diversification timeline. The Senate welcomes the EU's commitment to ending reliance on Russian fossil fuels, supports sanctions on Russian energy companies like Rosneft and Lukoil, and encourages continued coordinated action among the United States, Group of Seven countries, the EU, and the United Kingdom to apply additional sanctions. The resolution also reaffirms bipartisan opposition to the Nord Stream I and II pipeline projects, emphasizing a united stance against Russian energy influence.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-resolution/488/all-info