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US should pay France for loss of Russian gas

The US should compensate France for losses if the EU bans Russian energy carriers, French presidential candidate Marine Le Pen said 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, noting that Washington is pressuring the EU to sanction Russian energy carriers. The bloc placed multiple sanctions on Russia after Moscow launched a military operation in neighboring Ukraine. The operation has been widely criticized by many Western nations, but perhaps none have been more outspoken than the US.
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.
While the European Union has placed numerous sanctions on Moscow over the past few weeks, member states have so far been unable to reach an agreement on banning Russian energy imports. 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.
However, discussions on the issue will continue, High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell said on Monday.
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.
For more stories on economy & finance visit RT's business section
Apr 18, 2022 10:23
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