Top EU Diplomat Says Europe’s Prosperity Based on Cheap Gas From Russia

Top EU Diplomat Says Europe’s Prosperity Based on Cheap Gas From Russia
High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell attends a news conference, as Russia's invasion of Ukraine continues, in Kyiv, Ukraine, April 8, 2022. Janis Laizans/Reuters
Naveen Athrappully
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A top diplomat said in the European Union Ambassadors’ Annual Conference that the continent has been “decoupled” due to multiple “black swan” events from its sources of prosperity and security, referring to global partners such as Russia, China, and the United States.

“Our prosperity has been based on cheap energy coming from Russia. Russian gas—cheap and supposedly affordable, secure, and stable. It has been proved not [to be] the case,” said Josep Borrell, the high representative of the European Union for Foreign and Security Policy, on Oct. 10. He also noted the significant relationship with China, “for technological transfers, for investments, for having cheap goods.”

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