Borrell announced the overcoming of the EU energy dependence on Russia

The head of European diplomacy, Josep Borrell, said that the European Union was able to overcome its energy dependence on Russia. He noted that energy prices returned to the levels before the start of the military conflict between Russia and Ukraine.

“In a few months, we have eliminated the energy dependence on the Russian Federation, which we have been creating for years,” he said in an interview with a Spanish newspaper. El Diario.

“We went through an extremely stressful phase of rising prices, but they returned to pre-war values. The price per megawatt-hour has returned to the pre-war price, which was already very high, because before the war Putin manipulated gas prices. But the sharp peak in August was largely due to speculative tensions in the markets,” added the head of European diplomacy.

Josep Borrell added that the tense situation on the energy market in the EU can no longer be associated with the military conflict between Russia and Ukraine. According to him, the ratio of prices for gas and electricity is a structural problem in the EU energy sector.

At the beginning of 2023, gas prices in the EU became decline due to warm winters, high filling of gas storage facilities and increased electricity generation from wind farms. On January 17, gas prices dropped below $600 per thousand cubic meters for the first time since August 2021. m. At the auction on Friday, January 20, the cost of energy grew by 12%, up to $760 per thousand cubic meters. m.

On the situation on the gas market in the EU – in the material “Kommersant” “Useful Burrows”.

Olesya Pavlenko