Fossil fuels in Russia

REPowerEU is a strategy adopted by the European Commission in May 2022 in response to the sharp rise in energy prices and the energy security risks that followed Russia's full-scale invasion of Ukraine. The energy crisis triggered by the invasion of Ukraine led to a significant increase in electricity prices across Europe, partly due to the structure of the EU electricity market, where prices are often set by the marginal cost of production. As natural gas prices rise sharply in 2021 and 2022, electricity prices increased accordingly, making the reduction of dependence on imported gas a centra