Borrell on gas cut from Russia: We can’t do miracles | News from Germany about Europe | DW

EU High Representative for Foreign Affairs and Security Policy Josep Borrell dismissed criticism of the EU’s energy policy. EU countries since the beginning Russian military invasion of Ukraine cut natural gas purchases from Russia by half, Borrell said in an interview with media company DW on Friday, July 29. “If before the start of the war the share of Russian energy carriers in the EU was 40 percent, now it has dropped to 20 percent,” he said. According to Borrell, it is impossible “to demand from European economy stop buying gas overnight”, “we can’t work miracles”.

Asked why Brussels did not impose punitive tariffs on Russian gas to reduce the flow of funds into Moscow’s military treasury, Borrell said the proposal was seriously considered but rejected. Instead, he said, a “firm decision” was made to “stop buy (Russian. – Ed.) oil since the end of the year, and now we are in the process of stopping gas purchases(From Russia. – Ed.)“. At the same time, he noted that a further reduction in Russian gas imports will happen “quickly.”

Borrell: Russia’s GDP will shrink by 10% this year

The top EU diplomat also dismissed claims that the Russian economy has not yet been hit hard by Western sanctions, while European consumers are already feeling the brunt of high electricity bills. In his opinion, more important than reducing the consumption of Russian gas are efforts aimed at “severing ties Russian economy with the rest of the world.”

“The Russian military machine needs not only money, but also technology,” he said, pointing to Russian tanks that use Western components. “Look at the hull of a wrecked Russian tank. And you will see how many electronic components of Western companies are there. They (Russians. –Ed.) will no longer have access to them,” Borrell said.

As the head of EU diplomacy noted, Russia’s GDP will shrink by 10% this year, which, according to him, will lead to “the biggest recession … since the collapse of the Soviet Union.” Very soon, Russian President Vladimir Putin “will have to choose between weapons and oil for the people,” Borrell said.

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