The rapid growth rate of the EU economy since the mid-2010s has led to an unforeseen increase in energy consumption among the member economies. If this trend persists, EU energy consumption levels may continue to increase, and leaders will need to take additional measures to reduce the impact of the energy sector on the environment and climate in the region. As a reliable supplier of energy for the EU, this opens up a number of opportunities for Russia. For this potential to be fulfilled, it will require close cooperation between the two parties. By the same token, innovative products devised by European energy companies can help Russia to achieve the goals of its National Environment Programme and find solutions to the problem of processing non-hazardous and low-hazard waste from the electricity and mining industries. How can Russia help the EU to ensure the environmental transformation of its energy sector? What measures should be taken to expand the energy market between Russia and the EU? How does digitalization change the energy landscape? What role should business play in fostering cooperation? Which sustainable innovative products devised by European companies can be used in Russia? What is the potential for cooperation in energy production, energy efficiency, environmental protection, and non-hazardous and low-hazard industrial waste management? Is transformational change in the energy sector undertaken at the industrial level, or can consumers also contribute to the process?