Borrell called the rise in gas prices in Europe the “price of freedom”
[ad_1]
Europe will face serious problems in the short term due to sanctions against Russia, said in an interview with the newspaper Kronen Zeitung Josep Borrell, head of European diplomacy. He noted rising gas prices, but said the EU must be prepared to “pay the price for freedom.”
“These are restrictive measures. We are limiting Russia’s economic opportunities. As long as the Russian economy depends on oil and gas, they will need our technology. Russia is in trouble. And, of course, we face serious problems in the short term. It cannot be denied that gas prices are rising. But we must be prepared to pay the price for freedom,” the diplomat said.
He called the EU’s economic difficulties so far “the biggest crisis Europe has ever had.”
“This is the biggest crisis that has ever been in Europe. First the debt crisis, then the pandemic, now energy,” Borrell said. He believes that the only solution for European countries in this situation is unity.
On Friday, stock prices for gas in Europe exceeded $3500 per thousand cubic meters m for the first time since March 8, the growth was more than 5%, according to the data of the ICE exchange. Previously, the record was set on the ICE exchange on March 7: then the price of the April futures at the moment was at $3,898 after the start of a special military operation in Ukraine.
Previously “Gazprom”said that it would suspend the operation of the last Nord Stream turbine on August 31 for maintenance and preventive maintenance. Gas pumping will be restored in three days, on September 2, if no technical faults are found. The company itself predicted that gas prices in Europe would rise above $4,000 per thousand cubic meters. m this winter.
[ad_2]
Source link
