Czechia might cut energy dependence on Russia within five years

The Czech Republic should cut its dependence on Russian energy resources within five years, Prime Minister Petr Fiala said on Saturday, terming the current situation one of the country's "greatest security risks," Report informs via Reuters.

The European Union member state meets its gas needs almost entirely through shipments directly or indirectly from Russia, and gets roughly half its crude imports from the same source.

Fiala told his Civic Democratic Party convention that the country's energy sector has to change "completely".

"Our dependence on fossil fuels from Russia, neglected for years, is one of the greatest security risks to our country. It should be our goal to escape this Russian energy noose completely in the next five years," Fiala said.

He added that his government should prepare this "five-year project" in the coming weeks.

The European Union has pledged to quit Russian fuels by 2027, and will unveil a detailed plan to do so in May.

The 27-member bloc approved new sanctions against Russia this week, including a ban on coal imports starting in August, as it aims to punish Russia for its aggression against Ukraine.