US Secretary of State Antony Blinken meets EU High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles and European Commissioner for Energy Kadri Simson. AFP
US Secretary of State Antony Blinken meets EU High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles and European Commissioner for Energy Kadri Simson. AFP
US Secretary of State Antony Blinken meets EU High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles and European Commissioner for Energy Kadri Simson. AFP
US Secretary of State Antony Blinken meets EU High Representative for Foreign Affairs and Security Policy Josep Borrell Fontelles and European Commissioner for Energy Kadri Simson. AFP

Russia’s gas chokehold on Europe in spotlight at US-EU meet


Bryant Harris
  • English
  • Arabic

The US and EU held an energy ministerial on Monday in a bid to hammer out a strategy meant to lessen Europe’s reliance on Russian natural gas, which has limited the response options to Russia’s potential invasion of Ukraine.

US Secretary of State Antony Blinken and EU High Representative Josep Borrell led the conference alongside US Energy Secretary Jennifer Granholm and EU Energy Commissioner Kadri Simson.

“We’re working together right now to protect Europe’s energy supply against supply shocks, including those that can result from further Russian aggression against Ukraine,” Mr Blinken told reporters in a press conference with Mr Borrell after the conference concluded.

“Energy security is tied directly to national security, regional security and global security.”

Russia supplies about one third of Europe’s natural gas, a pivotal quantity that becomes all the more significant in the cold winter months.

A 2009 Russian-Ukrainian gas dispute prompted Moscow to shut off natural gas exports to much of Europe for several months — a point Mr Blinken emphasised by noting that “people died from the cold” during the row.

“We’re co-ordinating with our allies and partners, with energy sector stakeholders, including about how best to share energy reserves in the event that Russia turns off the spigot or initiates a conflict,” said Mr Blinken.

The conference on Monday marked the ninth meeting of the US-EU energy council, which has not convened for four years.

But the meeting could not come at a more crucial time, as the European reliance on Russian natural gas has made it more challenging for the US to co-ordinate with allies on the Ukraine crisis.

“We need to face the current situation of the eastern border, keeping in mind the purpose of decarbonising our energy mix because the only lasting solution to address energy resilience — security — is going from fossil fuels to renewables,” Mr Borrell said.

Germany has sought to go ahead with the Nord Stream 2 pipeline from Russia despite US pushback. Nonetheless, US officials have said that Germany has agreed not to operationalise the pipeline in the event of a Russian invasion of Ukraine.

US President Joe Biden is likely to discuss the Nord Stream 2 pipeline when he meets German Chancellor Olaf Scholz at the White House later on Monday.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

SPECS
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Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

RESULTS
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Cheeseburger%20ingredients
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Updated: February 07, 2022, 6:40 PM`