Paolo Gentiloni, EU Economic Commissioner, He assured on Saturday that Brussels expects Russia to “respect” contracts for the sale of oil. gas natural Following the announcement this Friday that the Nord Stream 1 gas pipeline would be cut indefinitely, however, he argued the EU was “ready” for any eventuality.
“We hope (Russian President Vladimir) Putin will respect Russia’s conventions, however, The EU is ready though“Foro Ambrosetti, a meeting dedicated to the economy, from the northern Italian town of Cernobbio, was held this weekend.
Regarding economic perspectives, Gentiloni stated: “It’s hard to predict”. “2023 may be a more difficult year in terms of growth. However, it is equally possible that inflation will start to decline in 2023,” he said.
“We do not know how the crisis will unfold. We come from COVID and the EU has achieved a solidarity feat. Then came the invasion of Ukraine (…). The first risk is: that the prophecies of inflation and recession came trueIt also creates negative effects for companies. That is why we must not lose the compass of growth, Europe and transition,” he said.
Moreover, Defended the European Commission’s proposal to put a ceiling on the price of gas. “The wall of divisions between the different countries is starting to show gaps, and so the Commission’s proposal (…) might finally find room to move forward”, he argued, “and it would be a really big breakthrough”.