European Union got rid of energy dependence from Russia

The European Union was able to completely get rid of energy dependence on Russia. This is the Supreme Representative of the EU for Foreign Affairs and Security Policy Josep Borrel said in an interview with Diario.

He noted that energy prices returned to the indicators before Russia’s invasion of Ukraine.

“We for several months eliminated the energy dependence on the Russian Federation, which was created for years,” said the head of European diplomacy.

“We went through an extremely stressful phase of price growth, but they returned to pre-war values. The price of Megavatt-hour returned to the pre-war price, which was already very high, because before the war, Putin manipulated gas prices. But a sharp peak in August was largely caused by speculative tension in the markets, ”added Borrel.

He supplemented that tension in the energy market can no longer be associated with the war in Ukraine. According to him, the ratio of gas prices and electricity is the structural problem of EU Energy.

At the beginning of 2023, gas prices in the EU began to decline due to the warm winter, high filling of gas storage and increase in electricity production by wind power plants. On January 17, GAZ prices for the first time since August 2021 sank below $ 600 per thousand cubic meters. m. At the auction on Friday, January 20, the cost of the energy carrier increased by 12%, to $ 760 per thousand cubic meters. m.