Posted: 29.10.2021 16:04:00

Gerhard Schroeder: EU should not shift responsibility for energy crisis on Russia

This opinion was expressed by the German ex-chancellor, Chairman of the Board of Directors of Rosneft – Gerhard Schroeder – during the 14th Eurasian Economic Forum in Verona

Gerhard Schroeder believes that Europe has faced an energy crisis because European politicians still fail to understand its true reasons. He explained that this crisis was caused by a complex of factors, including a sharp increase in demand for energy resources. “There are many reasons... One of them is that – due to the cold spring – gas injection into underground storage facilities began a month behind schedule. Combined with high demand, this resulted in growing gas prices this summer,” Mr. Schroeder explained.

He added that – to solve energy problems – Europeans need to hold a dialogue with suppliers.

The 14th Eurasian Economic Forum is being held in Verona on October 28th-29th. Its first day was dedicated to discussing energy transition, the closed-loop and green economy. On the second day, participants have discussed consequences of the pandemic for banks and the financial sector, technological innovations and digital transition, as well as the role of the pharmaceutical industry in the modern economy. Debates on overcoming the neoliberal model have also been organised.

The Conoscere Eurasia Association, the Roscongress Foundation and the St. Petersburg International Economic Forum act as the 14th Eurasian Economic Forum organisers.