US Warns Russia Against Exploiting Gas Crisis
US National Security Advisor Jake Sullivan warned the Russian government on Thursday that any attempts to exploit the gas crisis would backfire.
Speaking to the BBC on Thursday, Sullivan noted that Russia has in the past used energy as a political tool for coercion. He urged them to instead respond to market demands for energy.
Gas prices have increased nearly fivefold in Europe, leading to fears that there will be an energy crisis come winter should the weather be colder than normal.
On Wednesday, Russian President Vladimir Putin suggested that he could boost gas supplies to Europe through domestic markets and existing long-term contracts. Russian Deputy Prime Minister Alexander Novak also hinted that Germany’s certification of the Nord Stream 2 pipeline could cool gas prices in Europe.
Analysts are warning that the EU is a “hostage to Russia over energy supplies.” Experts believe that Russia withheld gas supplies to Europe on purpose to speed up Germany’s certification of the Nord Stream 2 pipeline. Russia has denied such links.
The US has been a vocal opponent of the pipeline, voicing concerns that the pipeline could threaten Europe’s energy security.
Ukraine is also threatened by the Nord Stream 2 pipeline. The completed pipeline bypasses an existing route through Ukraine, resulting in a loss of $3 billion per year in gas transit fees. The nation also fears a Russian invasion once the Nord Stream 2 pipeline is operational.
Nevertheless, the US and Germany reached an agreement in July to allow completion of the pipeline under certain conditions. Should Russia weaponize energy or threaten Ukraine, the German government is required to take action against it, including possible sanctions. The US also retains a right to issue sanctions against the project.
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