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Russia says ‘short-sighted’ EU has only itself to blame for energy crisis – POLITICO

The EU is to blame for its energy crisis, Russia’s Deputy Prime Minister Alexander Novak mentioned Saturday.

A worldwide fuel provide crunch has despatched client payments hovering throughout Europe, fueling inflation and accusations, most recently by Worldwide Energy Company boss Fatih Birol, that Moscow is exacerbating the issue by withholding imports.

Novak mentioned Russia had fulfilled its long-term contracts with the EU. And, he added, the crisis was due to “the short-sighted coverage of the European Union and the European Fee, which for a few years has intentionally moved away from long-term contracts, shifted its energy sector towards lowering dependence on by switching from long-term contracts to spot ones.”

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About 40 % of Europe’s pure fuel imports come from Russia, however this yr the stream into the bloc is down by round 1 / 4.

Novak mentioned Russia had “big assets” and will improve its provide to Europe. However that will require secure contracts to encourage funding in manufacturing. “We delivered rather more to Germany, to Turkey, to different nations that selected their volumes,” he mentioned.

“Incorrect planning, short-term energy coverage is a headache for European politicians, which they’re making an attempt to move on to others,” he added. Novak was talking to Russian public tv and the feedback had been reported by TASS.

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