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Added on the 20/07/2022 12:19:49 - Copyright : Euronews EN
European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine. EU energy ministers approved a draft European law meant to lower demand for gas by 15% from August through March.
Fossil fuels imports from Russia have fallen dramatically, the European Commission stressed on Thursday, following reports that the bloc's purchases of Russian liquified natural gas (LNG) are up 40% compared to pre-war levels.
Spiralling inflation, an unhealthy dependence on Russian energy, and the risk of power cuts. The EU Commission faces one of its toughest winters on record. Energy Commissioner, Kadri Simson wants a price cap on Russian gas and urgers households to do what they can to save energy.
Ursula Von der Leyen's message loud and clear in her State of the European Union message. To drive home the point, the EU Commission president, sporting the yellow and blue of the Ukranian flag, sat as her guest of honour Ukraine's First Lady. We ask about Van der Leyen's message and the cost of a quick segue away from Russian oil and gas.
European Central Bank President Christine Lagarde warns that the eurozone could fall into recession next year in the case of a total shutdown of Russian gas supplies. The "downside scenario" for 2023 foresees negative growth in the case of a "total shutdown of all Russian gas supply" and energy rationing in the eurozone, she said, after the ECB unleashed a record rate hike. SOUNDBITE
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