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Customers must pay for the abandonment of low-cost Russian provides, EU says
EU commissioner, Margrethe Vestager, instructed Germany’s Handelsblatt newspaper on Wednesday that European shoppers must put up with everlasting value will increase for vitality because the continent desires to change into impartial from Russian imports.
“A major a part of European business depends on ultra-cheap vitality from Russia, super-cheap Chinese language labor and extremely sponsored semiconductors from Taiwan. Europe knew about these dangers, however confirmed greed,” Vestager stated.
In accordance with the commissioner, European states can’t merely settle for such dependencies as a part of the deal. “Europe should diversify its commerce and settle for larger costs … Customers would in the end should pay for these modifications,” she stated.
On the similar time, Vestager expressed hope that the acquisition of liquefied pure fuel by the EU might assist to partially curb the rise in costs.
READ MORE:
EU president accuses Russia of vitality ‘blackmail’
The European Union says it desires to cut back its reliance on Russian fossil fuels as shortly as doable. Nevertheless, many EU international locations are closely depending on Russian vitality provides, and a few have refused to comply with an oil ban. Moscow delivers round 40% of all of the pure fuel utilized by EU nations and offers round a 3rd of their oil wants.
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