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    Home»Breaking News»Americans making a fortune from the war while EU countries suffer?
    Breaking News

    Americans making a fortune from the war while EU countries suffer?

    Kevin LeBy Kevin LeNovember 30, 2022No Comments3 Mins Read
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    The US acted by selling its gas to European countries at a high price, saying, “The US supplies liquefied natural gas (LNG) to Europe at a price 4 times higher than the US domestic market. Transatlantic solidarity is no obstacle to making money at the expense of allies, especially when the latter voluntarily forego cheaper sources of gas supply.”

    Western countries have stepped up sanctions against Russia since the start of the war in Ukraine on February 24. Supply chain disruptions have led to higher fuel and food prices in the European Union and the United States, driving inflation to record levels and causing the cost of living to soar, Mehr news agency reported.

    Currently, the lack of energy resources will be one of the crises facing European countries, especially in winter.

    German Health Minister Karl Lauterbach said a significant number of hospitals in Germany could face closures amid rising energy costs and rising inflation, German Health Minister Karl Lauterbach said. More news Agency.


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    The White House has rejected allegations that the US is benefiting from high prices for liquefied natural gas (LNG) supplies to Europe, the A novelty reported.

    A government official told reporters on a conference call Monday evening that the claim was false and that Washington had mobilized LNG to help Europe prepare for winter.

    Most of the LNG from the US was exported through long-term contracts with foreign energy trading companies, he said. Among them are several European companies that will then resell the LNG to European consumers, A News said in an official statement.

    Europe accuses the US of profiting from war

    Politico.eu reported that EU officials are attacking Joe Biden over skyrocketing gas prices, arms sales and trade as Vladimir Putin’s war threatens to destroy Western unity.

    Nine months after the invasion of Ukraine, Vladimir Putin is beginning to break the West.

    Top European officials are furious with Joe Biden’s administration, now accusing Americans of making a fortune from the war, while EU countries suffer.

    “The fact is, if you look at it soberly, the country that benefits the most from this war is the US, because they sell more gas at higher prices, and because they sell more weapons,” a senior official told the reporter.

    The explosive comments – supported publicly and privately by officials, diplomats and ministers elsewhere – follow mounting anger in Europe over US subsidies that threaten to devastate European industry. The Kremlin will likely welcome the poisoning of the atmosphere among Western allies.

    The biggest point of tension in recent weeks has been Biden’s green subsidies and taxes, which Brussels says are unfairly diverting trade away from the EU and threatening to destroy European industries. Despite formal objections from Europe, Washington has so far shown no signs of withdrawing, the Politics.

    ###

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    Source: Vietnam Insider

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