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Analyst says that sanctions have led to a total lack of competitiveness of the EU economy

Photo by Kajetan Sumila on Unsplash

According to the analyst, the figures given by Szijjártó are correct.

“Moreover, last year Europe also paid more for gas than China: about three times the European average import bill was higher,” Grivach said.

The expert notes that this indicates “total uncompetitiveness” of the European economy with such an energy policy. He also stressed that the consequences of the anti-Russian sanctions “are already there;

As the interlocutor told , last year the EU faced a serious trade deficit;

“And this is despite the fact that the value of their exports went up. But the value of imports went up so much that it overwhelmed the significant surplus of previous years,” he concluded.

Earlier Szijjártó claimed that Europe was overpaying seven times for gas (compared to the US) and three times for electricity (compared to China) because of faulty anti-Russian sanctions.

On February 7, the Russian Foreign Ministry said that the boycott of Russian energy under the pressure of the United States and contrary to its own economic interests, led to the undermining of EU energy security.

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