The Kremlin behaved ‘like a drug dealer’ over gasoline provides, Polish PM suggests

The Kremlin behaved ‘like a drug dealer’ over gasoline provides, Polish PM suggests


Polish prime minister: Russia-Germany gas agreement was 'disastrous'

The Kremlin behaved “like a drug seller” when it arrives to Europe’s fuel supplies, in accordance to Poland’s Primary Minister Mateusz Morawiecki.

“In the beginning the gasoline [from Russia] was intended to be quite affordable, but the authentic selling price of the gas we now know. The genuine value of the gas is also the blood of soldiers and folks, little ones and females in Ukraine and the authentic cost of gasoline is the latest harsh wintertime coming in Europe,” he said.

The Kremlin did not straight away reply to a ask for for comment.

Russia halted gasoline flows to Europe last month, sparking the region’s biggest power disaster in many years.

Speaking to CNBC’s Charlotte Reed in an distinctive interview Thursday, Morawiecki reported Europe’s current power concerns were being “effects of a incredibly wrong policy, disastrous plan, which was led by Germany.”

The Polish chief designed the feedback in Prague as 44 European leaders fulfilled to explore the war in Ukraine and Europe’s electricity disaster. It is the first meeting of a new team called the European Political Neighborhood.

“Deficiency of fuel, really costly costs of fuel and energy all above Europe – this is the real value of the agreement among Germany and Russia,” Morawiecki claimed.

Poland, along with Belgium, Italy and Greece, has drafted a strategy for a fuel “rate corridor” across Europe in an try to provide down soaring price ranges.

The entrance-month gasoline price at the Dutch TTF hub, a European benchmark, was trading all around 160 euros ($156) per megawatt hour Friday. That’s in excess of 4 situations higher than a yr in the past, but off its peak of shut to 350 euros in late August.

Polish prime minister: Russia-Germany gas agreement was 'disastrous'

The gasoline price corridor, “should act as a circuit breaker and disincentive to speculation. It is not intended to suppress price ranges at an artificially low stage,” in accordance to the draft proposal, as documented by Reuters.

Other international locations, which include Germany and the Netherlands, are assumed to oppose the program, warning that capping charges could have unfavorable impacts on vitality security.

EU leaders are due to take into consideration feasible caps to gasoline prices at the Prague summit Friday.

“This is our collective problem,” Morawiecki mentioned. “It can not be so, that a person region, which is the richest and the most designed in Europe like Germany … can block everything which is now taking place.”

“We will not want to be patronised by some nations around the world which then behave in a wholly distinctive way than they had been envisioned to do just just before,” he added.

Also speaking in Prague, EU Parliament President Roberta Metsola claimed the bloc needed to provide a united reaction to the electricity disaster.

“There is will need for an EU-wide fuel selling price cap,” Metsola stated.

She explained that EU member states could be presented extra time if required, but that it was important for nations not to “outbid each individual other.”

“I believe this is the way to be able to carry the charges down and quit speculation, and at the conclude of the day demonstrate Putin he is not the 1 to dictate to us who pays and how we spend our payments,” she included.



Supply

Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence
World

Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence

President of Queens’ College of Cambridge University Mohamed El-Erian speaks during a panel discussion at the headquarters of the International Monetary Fund during the Annual Meetings of the IMF and World Bank in Washington, D.C., on Oct. 13, 2022. James Lawler Duggan | Reuters Mohamed El-Erian on Tuesday called for Federal Reserve Chair Jerome Powell […]

Read More
These charts show just how hard Trump’s tariffs are hitting Europe’s auto giants
World

These charts show just how hard Trump’s tariffs are hitting Europe’s auto giants

This photograph shows the front logo of a car at the new Citroen C5 Aircross’ production line in the Stellantis car maker plant in Chartres-de-Bretagne, near Rennes, western France, on July 3, 2025. Damien Meyer | Afp | Getty Images U.S. President Donald Trump’s tariffs on European car imports were always expected to hit hard […]

Read More
The race to roll out solid-state batteries is picking up steam again
World

The race to roll out solid-state batteries is picking up steam again

The race to revolutionize the science of electric vehicles (EVs) is heating up. Often touted as the ” holy grail ” of sustainable driving, solid-state batteries have long been stuck between theory and the promise of commercialization in the next five to 10 years. A recent flurry of announcements from major automakers and incumbent cell […]

Read More