A former ECB chief says the lack of access to cheap energy from Russia has undermined the bloc’s competitive advantage
The global economic competitiveness of the European Union has been substantially eroded due to the loss of cheap energy from Russia, former European Central Bank president Mario Draghi said on Monday.
A wide-ranging report presented by Draghi indicated that reducing energy prices, raising competitiveness, and strengthening defense investment are among the top priorities for the bloc’s policymakers.
According to the politician, who served as Italy’s prime minister in 2021-2022, member states have been struggling to cope with higher energy prices and can no longer rely on open foreign markets.
“Europe has abruptly lost its most important supplier of energy, Russia,” Draghi said, emphasising that geopolitical stability was waning, while the region’s “dependencies have turned out to be vulnerabilities.”
The politician and economist acknowledged that energy prices have considerably fallen from their peaks, but stressed that EU companies are still dealing with electricity prices that are 150% higher than those in the US, while paying nearly 350% more for natural gas....more below
https://www.rt.com/business/603712-draghi-eu-energy-prices-warning/
Ghana is interested in purchasing a floating nuclear power plant from Russia, Ghanaian Ambassador to Russian Koma Steem Jehu-Appiah told Sputnik.
"I know that our minister of energy was here last year and signed a corresponding agreement. I think this is innovative, and in a conversation with the minister of energy, he said that the country is interested.
So, Ghana could purchase such a nuclear power plant," the diplomat said when asked about the possibility of Ghana purchasing a floating nuclear power plant.
Russia and Ghana began cooperation in the field of nuclear energy after signing an intergovernmental agreement in 2015.
The agreement outlined plans for joint work in the areas of training specialists, building nuclear power plants and related infrastructure, and providing maintenance services. In October 2023, representatives of Rosatom met with the Ghanaian Ministry of Energy in Cape Town. At the meeting, Russia proposed using floating nuclear power plants to supply power to ...
