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Pay France for loss of Russian gas – Marine Le Pen

Saturday, 16 April 2022, 1:55 pm
in Business, Industry, News, World
0
Pay France for loss of Russian gas – Marine Le Pen
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France’s presidential candidate, Marine Le Pen has said that US should compensate France for losses if the EU bans Russian energy carriers.

She said this in an interview with BFM TV;

“The Americans, who will sell us liquefied gas and get a solid profit from it, could transfer money to France as compensation for anti-Russia sanctions,” Le Pen said.

She noted that Washington is pressuring the EU to sanction Russian energy carriers.

Read also; We don’t have any more weapons to send to Ukraine – Greece

The EU has placed multiple sanctions on Russia after Moscow launched a military operation in neighboring Ukraine. The operation has been widely criticized by many Western nations.

According to Le Pen, if Washington succeeds in stopping Russian gas imports to the EU, it will result in unbearably high fuel bills for the French. However, she believes that American fuel magnates care little about ordinary French people and their plight, and are only interested in business, eager to profit from the increase in LNG exports to the bloc.

Many EU countries are heavily dependent on Russian energy, while some have no alternative, being landlocked and therefore unable to receive liquefied gas from the US, for instance.

Moscow currently supplies around 40% of the gas used by EU nations and around a third of their oil. Russian Deputy Prime Minister Alexander Novak recently estimated that it would take the EU 5-10 years to completely replace Russian oil and gas, noting that an embargo would inevitably result in record prices.
Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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