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The European Commission will think about a long-term gas contract with Russia

The European Commission (EC) intends to study the issue of long-term gas contracts with Russia, spokesman Tim McPhee said at a briefing. His words are reported by RIA Novosti.

“We are aware of these contracts, there are a number of other areas that we need to think about. We are not at all naive in this matter,” he said. McPhee added that getting rid of the EU’s dependence on fuel from Russia would be difficult.

In Europe, in recent years, they have sought to develop exchange trading in fuel by analogy with the oil market based on futures contracts, that is, to move away from long-term agreements.

In March, it became known that the European Union intends to abandon the purchase of Russian energy resources because of the situation in Ukraine. Russia is the region’s largest supplier of resources. The country supplies the EU with 40 percent of its gas, more than a quarter of its total oil and about half of its coal.

Earlier, the United States decided to abandon Russian energy resources. Such a decree was signed by the head of state Joe Biden on March 8.


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