‘Everything is on the table,’ EU chief says of Russian energy sanctions as Ukraine tensions escalate

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Assessment: With the US dropping support for the EastMed pipeline that would have brought Israeli natural gas to Europe, the continent will remain under Russian tyranny …

European Commission President Ursula von der Leyen has told CNBC that energy sanctions against Russia are still an option if the country invades Ukraine.

When asked about the possibility of imposing sanctions on Russian gas giant Gazprom, von der Leyen said Saturday, “everything is on the table.”

Europe imports around 40% of its gas supply from Gazprom, the EU chief told CNBC’s Hadley Gamble at the Munich Security Conference, which von der Leyen described as a “dependency that is not sustainable.”

She said she had been reaching out with success to alternative suppliers, such as the United States.

Read More @ CNBC HERE