EU Economy Commissioner Paolo Gentiloni stated Saturday that the European Union was once “well prepared” within the tournament of a complete halt in Russian gasoline deliveries, because of garage capability and energy-saving measures.
“We are well prepared to resist Russia’s extreme use of the gas weapon,” he informed newshounds at the sidelines of an financial discussion board arranged via The European House – Ambrosetti. “We are not afraid of Putin’s decisions, we are asking the Russians to respect contracts, but if they don’t, we are ready to react,” he stated.
Russian gasoline large Gazprom stated Friday that the Nord Stream pipeline linking Russia to northern Germany, which was once because of resume provider Saturday after a three-day interruption for repairs operations, can be “completely” stopped till a turbine is repaired.
Moscow was once reacting to a call introduced Friday via the G7 nations to focus on Russia’s calories providence via agreeing to cap the cost of its oil.
European Commission leader Ursula von der Leyen stated Friday that “it would be time” to position a ceiling on the cost of gasoline imported by way of the pipeline from Russia, backing a measure advocated via Italian Prime Minister Mario Draghi.
In the European Union, “gas storage is currently at about 80 percent, thanks to the diversification of supplies,” even supposing the location varies from one nation to every other, Gentiloni stated.
He stated Brussels had “done a lot in recent months” however “today it is possible to do more”.
The goal is to “pursue the strategy of a united Europe that works against the invasion of Ukraine using economic weapons,” he defined.
“We are not participating in the war, we are not participating in the military escalation,” he stated.
“We are supporting Ukraine. We need to do it now extra successfully.”
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