‘Puzzling’ chart shows EU has ‘INCREASED’ reliance on Russian gas since Ukraine crisis

Russia using gas as an economic tool against Europe says Truss

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Tensions between Russia and Ukraine reached new heights when Russian President Vladimir Putin amassed around 100,000 Russian troops near the border with Ukraine in recent months. The show of military strength, which also includes a build-up of tanks, artillery and missiles, has sparked fears of an imminent invasion. Mr Putin has consistently denied that Russia intends to invade its neighbour.

However, western leaders have warned that an invasion may happen and have sent weapons to Ukraine, leading to a standoff by the Kremlin and the EU leaders, along with US President Joe Biden.

One of the weapons that Mr Putin likes using as leverage is its valuable exports of natural gas.

The EU is extremely reliant on these exports, with the bloc buying 34.2 percent of their natural gas supplies from Moscow.

Britain is a rare exception in the continent, getting less than 10 percent of its required supply from Russia.

Marcel Dirsus, a political expert, expressed his shock at a chart that revealed the annexation of Crimea did little to hinder the EU from purchasing Russian gas.

He said: “This is one of the most puzzling charts I’ve seen in all this.

“Instead of trying to reduce their dependence on the Kremlin, Europeans decided to buy more gas from Russia after it invaded Ukraine.”

In 2014, Russia invaded and annexed the Crimean peninsula from Ukraine, violating previous international agreements it made guaranteeing the sovereignty of Ukraine.

Even as the EU condemned this attack and began imposing sanctions, the chart shows european demand for Russian natural gas has only increased since then from about 115 billion m³ in 2014 to an all-time high of 180 billion m³ in 2019.

If the Kremlin does decide to launch an attack, Europe’s gas could get slashed, or even cut.

The bloc is poised to further increase Russian gas imports with the construction of the Nord Stream 2 pipeline, which would pump gas from Russia to Germany through the Baltic Sea.

Analysts have suggested going ahead with the project would leave the continent even more dependent on Moscow.

EU fury: Nations fed up with bloc bureaucracy [INSIGHT] 
Archaeologists stunned by ‘mystical’ UK cave filled with human bones [REVEALED] 
Musk tipped to build Tesla factory in UK after Lithium stores found [SPOTLIGHT]

Countries from the NATO military alliance, including Germany, are drawing up a package of crippling sanctions in a bid to deter Moscow’s military aggression.

German foreign minister Annalena Baerbock told parliament this week the sanctions will cover Nord Stream 2.

German Chancellor Olaf Scholz has hinted that he may be willing to sanction the project in the event of a Russian invasion.

He said: “It is clear that there will be a high cost and that all this will have to be discussed if there is a military intervention against Ukraine.”

Source: Read Full Article