French minister says Russian gas cut-off most likely scenario
Russia may cut-off gas supplies to Europe in retaliation for sanctions and the region's support of Ukraine, warned France's Finance Minister Bruno Le Maire.French Finance Minister Bruno Le Maire says Europe must prepare for a total cut-off of Russian gas.European Union nations will be discussing winter contingency plans later this month, to ensure there is sufficient gas to meet heat and energy needs.
"Let's prepare ourselves for a total cut-off of Russian gas," Le Maire said at an economic conference in Aix-en-Provence, southern France, on Sunday."That's the most likely scenario today." The government is"trying to do everything that is required to avoid" energy shortages, Le Maire said."Due to the energy crisis, due to the war in Ukraine, we could have to face a difficult time, which means that we need to be prepared."European Union nations will discuss winter contingency plans at an emergency meeting on July 26 in a bid to ensure there are sufficient gas reserves to get through peak demand for heating and power.
The country is looking to extend an energy tariff shield beyond the end of 2022 to cushion its poorest households from surging wholesale prices, Prime Minister Elisabeth Borne said Saturday.
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