Economy

Europe is “awakening” to the Russian energy threat – Movements on two axes

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The issue that concerns the member states is how and when the EU’s slow-moving boat will turn. to avoid the worst

By Antonis Anzoletou

It is no secret that the path followed by Russia and Turkey leads Europe to unstable conditions. This Putin-Erdogan plan for countries reacting to blackmail was photographed by the Prime Minister during the meeting of the Council of Ministers. Ankara continues to not support sanctions against Moscow continuously strengthening the commercial cooperation with it. It is obvious that for the Russian president, Turkey is the channel through which he will attempt to bypass Western pressure and procure goods that he can no longer get from Europe.

The issue that concerns the member states is how and when the EU’s slow-moving boat will turn. to avoid the worst. Since many shop windows in Germany are already without lights, the winter is predicted to be heavy and harsh. Energy strangulation in France as well Russia is trying, with Gazprom announcing it reduction of natural gas deliveries in one of the country’s largest energy groups.

The Commission seems to it works on two levels. On the one hand, it intends to take short-term measures to address the increased electricity prices and on the other hand to completely restructure the distribution – production of electricity. The second will take a long time. What is the key to getting things going? The north and the south should come to an agreement and the countries should find a common navigation line. Russia has the power because it sells natural gas, but the biggest buyer in the world is the countries of the old continent who are called to play their own card against Vladimir Putin. The proposals supported by Kyriakos Mitsotakis and other heads of state are decoupling the price of natural gas from electricity, as well as a cap on the price of natural gas. What does this mean; Europe as a whole should refuse to buy the Russian energy product from a price above. The displacement of the harsh northern countries is a fact, but it remains to be seen in practice, until September 9 when the energy ministers will meet, whether white smoke will come out.

At Germany the cabinet meets amid disagreements with the Liberals and Greens not agreeing on the operation of nuclear plants. It is a fact that Berlin has buckled down and has given, albeit belatedly, the signal to the countries following it to soften their stance. The Minister of Finance, Robert Hambeck, was yesterday in favor of intervention in the energy market. In a letter to his European counterparts, he requests the imposition of a ceiling on natural gas prices. The die is cast; Not yet because the equation in the E.U. it is always multifactorial, complex and ambivalent.

Belgium’s Minister of Energy, Tin Van der Stratestated that “the next 5 to 10 winters will be terrible if nothing happens. We need to act at the source, at European level, and work to freeze gas prices. This could reduce the energy bill by 770 euros.” The president of the Commission, Ursula von der Leyen, in essence announced the dismantling of the European energy market, which she even described as incapable of facing today’s challenges and needs. The first steps have been taken and the European Councils that will take place at the end of September and the beginning of October will be pivotal.

The EU, listening as always to Germany, is preparing for a deep intervention as it sees that Vladimir Putin is determined to pull the strings. He wants Europe to stop siding with Ukraine, but that’s not going to happen. Brussels is now looking for ways to lower gas and electricity prices. Most countries, however, have already filled their energy stores to a percentage of more than 80% for the difficult winter ahead.

ENERGY CRISISEUNATURAL GASnewsRussiaSkai.gr

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