The European Union (EU) is on the lookout for methods to cut back its energy dependence on Russia after the Ukraine warfare.
Spanish Prime Minister Pedro Sanchez mentioned EU leaders ought to take motion to decrease energy costs.
“IT’S DIFFICULT TO PAY THE COST”
Sanchez instructed the Monetary Occasions. “If the EU doesn’t present us with the instruments to reply to the energy emergency, it would be troublesome to bear the big financial value, not only for Spain however for all member states.” mentioned.
“WE CAN’T BE PUTIN’ HOSTAGE” COMMENT
Sanchez, who advised that Moscow tried to maintain energy costs excessive on the continent by lowering its gasoline reserves final yr as a part of its technique earlier than the Ukraine warfare. “Now we have to defend our residents; Europe cannot be Putin’s energy hostage.” used the phrase.
EDIT MESSAGE IN THE PRICE SYSTEM
Whereas Sanchez acknowledged that they need to enhance their energy independence, however, he emphasised the significance of arranging their worth programs in response to the brand new actuality.
Spain’s chief says the explanation for slowing manufacturing in industries “insufferable energy prices” He added that it’s.
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