What happens if Putin turns off the taps?

The war in Ukraine is taking more and more, and was inevitable, also the dimension of the energy war. After supplies stopped to some countries in the north and cut off towards the east GermanyThe possibility is the complete shutdown of the taps by Moscow. A possibility for which the European Union must prepare in due course, as stressed by European Commission President Ursula von der Leyen.

The supply cut-off hypothesis

We must prepare for more gas supply problems, even to Full cut by Russia – He said, speaking at the plenary session of the European Parliament in Strasbourg – Today, in general, the 12 member states are directly affected by a total or partial decrease in gas deliveries. It is clear: Vladimir Putin continues to use energy as a weapon. That is why the Commission is working on a contingency plan: we will present this plan and the necessary tools by mid-July. Member states already have their own national contingency plans. That’s fine, but we need European coordination and joint action. We must make sure, in case of extreme difficulties, that the gas flows to the places where it is most needed. We have to offer European solidarity. And we need to protect the single market and industrial value chains.”

Natural gas stocks in the European Union “A week ago it was 55% and now we have to be over” that. The Group of Seven decided to work internationally to reach a “potential mechanism” that would impose a ceiling on the price of Russian oil. It will require a “global approach, a coalition of many willing countries to put a ceiling on the price of Russian oil and it will be necessary to convince many countries that do not want to join the alliance not to cross” the ceiling. .

Regulatory framework

Vaughn said the European Commission will present the “conclusions” of its “assessments” on changes to be made to the EU’s regulatory framework on economic governance, including the stability agreement “under the Czech presidency”, that is, by the end of 2022. der Leyen, speaking in plenary Parliament in Strasbourg. “In all member states – says von der Leyen – the state of the economy is increasingly worrying. The Covid-19 crisis has led to an increase in the deficit.”

Then – he continues – when the economy began to recover, Russia launched its fierce attack on Ukraine, accelerating inflation in all sectors, from food to energy. Meanwhile, investments remain essential to a successful transition to a green and digital economy. and for this We have to rethink the way we produce growth, in a completely different political and economic context. Take the rules of our economic governance, for example: we need rules that allow for a higher level of investment and sound fiscal policy. It concludes that budget sustainability and growth go hand in hand.

North Stream closed: Germany’s concerns

after announcing Gazprom From a ten-day block, from July 11 to 21. In an interview with Funke Group Newspapers, the head of the Federal Network Agency, Klaus MullerHe said routine pipeline maintenance could “turn into political maintenance that will last longer.” Mueller warned that if the flow of gas from Russia stops “for a long time, we will have to talk seriously about saving” energy consumption.

The Minister of Economy expected that the first two plants to re-convert liquefied natural gas into gas in Germany will come into operation at the end of the year or at the beginning of next year. Robert Habeck. In an interview with Welts am Sonntag, the minister announced that the German government had chartered four floating stations.

“There are two ships already available this year and they will be deployed to Wilhelmshaven and Brunsbüttel later this year,” he said. Germany is moving away from Russian gas “in an unprecedented move”. Moscow announced the suspension of the flow of gas in Nord Stream from 11 to 21 of this month due to alleged maintenance work.

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