Macron urged Europe to be ready for any scenario with gas supplies from Russia

Europe needs to be ready for any scenario in the development of the situation in the issue of Russian gas supplies, French President Emmanuel Macron said before the start of the extraordinary EU summit in Versailles, TASS reports.

“The question remains whether Russia will at some point apply pressure and use gas supplies as leverage. Russian President Vladimir Putin said that Russia would continue deliveries, but we do not know until when and under what conditions. Therefore, we must be ready for any scenario,” he said.

According to the French president, France “today is less dependent on Russia for gas supplies, but Europe depends on imported gas, including 40% on gas supplies from Russia.”

Earlier today, during a meeting with the government, Russian President Vladimir Putin said that the country will continue to fulfill its obligations to supply energy to Europe.

Earlier, the EU imposed sanctions against Russia related to a military special operation in Ukraine. The Nord Stream 2 gas pipeline was also subject to restrictions. After the strengthening of sanctions, gas prices in Europe accelerated growth. During the auction on March 7, the cost of gas exceeded $3,000 per 1,000 cubic meters. m, thus updating the historical record. The April futures price at the TTF hub rose to $3,900 per 1,000 cubic meters. m. On March 10, during trading, gas futures fell significantly and at 14.37 Moscow time they were trading at around $ 1,600 per 1,000 cubic meters. m, according to the London Stock Exchange ICE.

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