Report: EU to mull phasing out Russian oil, gas imports Thu–Fri

MOSCOW, Mar 10 (PRIME) -- The E.U. plans to phase out purchasing Russian oil, gas and coal, Reuters reported on Thursday, citing a draft declaration for an informal summit in Versailles scheduled for Thursday and Friday.

"Confronted with growing instability, strategic competition and security threats, we decided to take more responsibility for our security and take further decisive steps towards building our European sovereignty, reducing our dependencies and designing a new growth and investment model for 2030," the draft declaration said.

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