The Senate expresses its support for the European Union's significant efforts to diversify away from Russian energy sources, recognizing the strategic risks highlighted by Russia's invasion of Ukraine. It commends the EU's REPowerEU initiative, which has successfully reduced dependence on Russian fossil fuels by approximately 90 percent since February 2022, and welcomes recent EU and U.S. sanctions targeting Russian energy companies like Rosneft and Lukoil. The resolution calls on United States allies and partners to terminate all contracts associated with sanctioned Russian energy companies to avoid potential exposure to secondary sanctions. It specifically expresses concern that Hungary has increased its dependence on Russian energy and urges Hungary and other remaining consumers to fully adhere to the REPowerEU initiative's timeline for phasing out Russian energy imports. Furthermore, the Senate encourages continued coordinated action among the United States, the Group of Seven countries, the European Union, and the United Kingdom to apply additional sanctions on Russian energy sources. It also underscores continued bipartisan opposition to the Nord Stream I and II pipeline projects and any efforts to revive them.