Under Secretary of State Victoria Nuland says Western countries have understood that dependence on Russian oil and gas was 'an extremely bad bet,' but nevertheless dismisses proposal of pipeline from deposits off Israel and Cyprus - spawned several years ago between European Union members Greece and Cyprus
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(Bloomberg)
The European Union agreed to provide 657 million euros ($736 million) in funding for a power cable linking up Cyprus with the European grid.
Cypriot minister says 'Eurasia Interconnector,' which three countries signed off on last year, could push Mediterranean island’s use of renewable energy sources above 50% by 2030