The European Union has announced a €210 billion ($221 billion) plan to wean itself off Russian oil, coal, and gas.

Since Russia invaded Ukraine in February, the EU has sought to reduce its reliance on Russia’s vast energy exports, which have aided Vladimir Putin’s military in its conflict with Ukraine. The EU agreed to ban Russian coal beginning in August and had reduced Russia’s share of EU natural gas imports to 26 percent last month, down from 40 percent the previous year.

However, many European countries rely on Russian energy, with Hungary and Germany warning that plans to wean themselves off Russian energy could severely destabilize their economies.

The EU has now unveiled a plan to quickly ramp up imports of liquefied natural gas from the United States and Canada, as well as increase pipeline gas flows from Norway, while also establishing a platform for countries to jointly purchase energy, with the goal of helping to bring down skyrocketing prices.

The European Commission presented its “REPowerEU” plan on Wednesday, May 18, saying it would try to cut Russian gas consumption across the bloc by 66 percent by the end of this year — and break its dependence completely before 2027 — by saving energy, finding alternate sources, and hastening the transition to renewables.

“We are raising our ambition even higher to ensure that we become independent of Russian fossil fuels as soon as possible,” EU Commission President Ursula von der Leyen said at a press conference on Wednesday.

“Europe has more clout when it acts together,” von der Leyen said of the joint procurement program. “In this way, we can secure the energy imports we require while avoiding competition among our member states.”

The plan also emphasizes energy-saving measures as the “quickest and least expensive way” to address the crisis. Europe will encourage citizens and businesses to reduce their energy consumption, such as by turning off lights and turning down air conditioning.

In the future, the European Union will increase its target of obtaining at least 40% of its energy from renewable sources to 45 percent. The bloc intends to drastically reduce the time it takes to obtain permits for new renewable energy projects.

The EU coronavirus recovery fund would be used to fund a large portion of the €210 billion ($221 billion) in new investments planned between now and 2027.

The plan would need to be approved by EU member states, while others are just suggestions.

The EU leader also stated that the EU is working on an oil embargo to force landlocked countries that rely heavily on Russian oil delivered via pipelines to find alternative supplies.

Hungary, which received approximately 40% of its oil imports from Russia last year, according to the International Energy Agency, has stated that it will not support such a move against Russian energy.

Germany, Europe’s largest economy, is particularly reliant on Russian gas, but has managed to reduce Russia’s share of imports from 55% to 35% since the invasion, according to Economy Minister Robert Habeck last month.