refusal of energy resources from the Russian Federation led the EU economy to stagnation – Kommersant

The European Union’s (EU) refusal of Russian energy resources from Russia has made Europe dependent on US LNG, claims acting. O. Permanent Representative of the Russian Federation to the EU Kirill Logvinov. According to him, this also led to stagnation of the European economy and inflation.

“The EU was forced to put its economy on a dry ration.” Since the fall of 2022, it has been in a state of stagnation… Growth at the end of last year is expected to be only 0.6%, in both cases, while the largest European economy – Germany – went into negative territory,” Mr. Logvinov said in an interview with RIA News”.

He is convinced that rising energy prices provoked unprecedentedly high inflation in the eurozone, which reached a record 10.6% in annual terms in October 2022. “The result is a fall in real incomes of the population and a decline in consumer demand,” says the permanent representative of the Russian Federation.

European Commission President Ursula von der Leyen in September 2023 suggested introduce a price ceiling for Russian gas, but so far these restrictions have not been agreed upon. Luxembourg believesthat the introduction of a gas price cap could leave the EU without energy. Meanwhile, at the end of January, Russian LNG exports amounted to 2.9 million tons compared to 3.17 million tons a month earlier. Most of the cargo from the Russian Federation went to Japan, Spain and France.

Details – in the material “Kommersant” “Russian LNG has slowed down”.

Laura Keffer