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Putin Has Already Lost the War On Energy He Started: EC President

NATURAL GAS

Russian President Vladimir Putin "has already lost the energy war he started" and attempts to hold Europe to ransom over energy have failed, European Commission President Ursula von der Leyen said.

  • "Putin assumed that our support for Ukraine would not last. He thought it would be easy to hold Europe to ransom, because of our dependence on Russian oil and gas. But he was wrong," von der Leyen said.
  • "Russia's income from sales of gas to Europe has shrunk by two-thirds. The oil price cap means that Russia is losing Eur160 million in revenue every day," she said.
  • "Gas prices in Europe are lower today than before Russia's invasion of Ukraine, and Europe is now investing in clean energies and energy independence as never before," she said.
Energy BulletsCommodities
Energy BulletsCommodities

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