The internal divergences make the EU unable to jointly handle the crisis as a strong and solid power, they noted. There is nothing much that the EU can do to stop the crisis at the moment, even EU elites clearly understand US' strategy of using the Russia-Ukraine crisis to weaken its major economic competitor - the EU, said analysts. Now due to the governmental subsidies, the ordinary people's daily lives don't see major change, but in the long term, the high debts and the weakening national strength will eventually impact the people's livelihoods in the continent," Wang noted. "In the future, with the worsening of the Ukraine crisis, more and more manufacturing industries will flee Europe and move to Asia and America, and then the Europe's economy will be hollowed out. Wang Yiwei, director of the Institute of International Affairs at the Renmin University of China, told the Global Times on Sunday that the high energy prices will surely divide the West, because it's very clear that US energy companies are "using the war to get rich," and the high prices will directly hit the EU economy by increasing the cost for the manufacturing industries. The gas market doesn't really exist at the moment, the French president said, adding that leading economies should try to return it to a price corridor that "makes sense." "That is not exactly the meaning of friendship."įrance intends to raise the issue with the G7 in particular, he said. "In a spirit of great friendship, we will say to our American and Norwegian friends: 'You're super, you supply us with energy and gas, but one thing that can't go on for too long is us paying four times more than the price you sell to your industry,'" Macron said. Addressing a conference of entrepreneurs in Paris on Thursday, Macron said countries sanctioning Russia are united as "freedom fighters" but divided as producers or consumers of the fossil fuel. The analysts also said the EU can only ensure a sustainable peace and development of the continent when it keeps solidarity and independent policymaking.Ĭhinese analysts said on Sunday that some EU countries, especially major EU economies, purchasing energy from the US with extreme high price is a situation forced by the geopolitical crisis rather than normal business deal following market law, so it won't be sustainable, and in the future, EU nations are paying efforts to diversify their energy dependency to other countries, rather than binding too tightly with the US.įrench President Emmanuel Macron said on Thursday that European nations should join Asian economies to demand that the US and Norway show greater friendship by selling gas at lower prices. They noted that EU leaders need to consider carefully of the future of EU-US relations. European countries are preparing to face a severe and tough winter as the energy crisis further escalate amid the worsening Russia-Ukraine crisis and the explosions of the Nord Stream pipelines, while the US is trying to use high energy prices to further weaken Europe's economy and force manufacturing industries to escape from the continent, said experts.
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