Europe

Russia says ‘short-sighted’ EU has only itself to blame for energy crisis



The EU is accountable for its vitality disaster, Russia’s Deputy Prime Minister Alexander Novak mentioned Saturday.

A worldwide gasoline provide crunch has despatched shopper payments hovering throughout Europe, fueling inflation and accusations, most recently by International Energy Agency boss Fatih Birol, that Moscow is exacerbating the issue by withholding imports.

Novak mentioned Russia had fulfilled its long-term contracts with the EU. And, he added, the disaster was because of “the short-sighted policy of the European Union and the European Commission, which for many years has deliberately moved away from long-term contracts, shifted its energy sector toward reducing dependence on by switching from long-term contracts to spot ones.”

About 40 p.c of Europe’s pure gasoline imports come from Russia, however this yr the move into the bloc is down by round 1 / 4.

Novak mentioned Russia had “huge resources” and will enhance its provide to Europe. But that may require secure contracts to encourage funding in manufacturing. “We delivered way more to Germany, to Turkey, to different nations that selected their volumes,” he mentioned.

“Incorrect planning, short-term energy policy is a headache for European politicians, which they are trying to pass on to others,” he added. Novak was chatting with Russian public tv and the feedback have been reported by TASS.





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