The “soft approach” of the European Union is not a ban, but a significant reduction in purchases of Russian energy resources

After Washington announced a complete ban on the import of Russian oil and gas, Brussels chose a softer solution, breaking the unity of the West regarding aggression against Ukraine.

Frans Timmermans, Executive Vice President of the European Commission, says that by the end of 2022 EU will cut energy purchases from Russia by two-thirds. However, no direct embargo is planned:

“It’s a hard, damn hard decision, but it’s necessary if we want to go further and faster than we’ve done before.”

Timmermans spoke in Strasbourg, where the European Parliament is discussing ways to reduce dependence on energy from Russia. After the start of the military operation in Ukraine, prices for oil products and natural gas jumped sharply in the European Union. Pedro Marques, an MP from Portugal, fears that this will put a heavy burden on the shoulders of consumers:

“We cannot force families to pay for this. Therefore, the EU must adopt an ambitious policy that includes social assistance and measures to save the climate. In the midst of this kind of crisis, we need extraordinary steps, and above all, a more ambitious solution to energy poverty.”

Brussels plans to reduce addiction from Moscow in the short term, replacing Russian natural gas with liquefied gas from Qatar and the United States. Brussels also wants to fill its storage facilities to 90% by early October, accelerate the transition to renewable energy and consider other options, including the use of peaceful atom.

Our publication reported that US President Joe Biden said that Washington bans imports of oil, gas and electricity from Russia. In his opinion, the US understands that allies in Europe will not be able to join this ban.

According to Biden, this decision was supported by both the Democratic and Republican parties. But at the same time, Biden admitted that the consequences of these sanctions will hit the States themselves – gasoline prices, which have reached historically high levels, will continue to increase. The American leader urged the private sector not to inflate prices and promised to fight speculators.

gas station prices in greece responded immediately to the rise in oil prices. As a result, the price of 95 unleaded gasoline has exceeded the historical mark of 2 euros.

According to Biden, this decision was supported by both the Democratic and Republican parties. But at the same time, Biden admitted that the consequences of these sanctions will hit the States themselves – gasoline prices, which have reached historically high levels, will continue to increase. The American leader urged the private sector not to inflate prices and promised to fight speculators.

gas station prices in greece responded immediately to the rise in oil prices. As a result, the price of 95 unleaded gasoline has exceeded the historical mark of 2 euros.



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