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Financial Times pointed to the fragility of EU unity in relation to Russia

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The unity of the European Union in relation to Russia has faced a severe test due to rising inflation and possible energy saving measures. This was reported by the Financial Times on July 29.

The publication notes that the EU “demonstrated a united front” at the beginning of Russia’s special operation to protect the civilian population of Donbass.

However, European leaders, forced to grapple with soaring inflation, a living wage crisis and the real prospect of energy rationing, are facing a difficult test.

The newspaper wonders if European leaders can “keep the defence” or if “their solidarity will crumble as a backlash from angry consumers forces them to moderate their hostility towards Moscow.” Journalists also pointed to the fragility of EU unity on the energy issue.

On the same day, the statistical office of the European Union – Eurostat predicted an increase in annual inflation in the EU to 8.9% in July. It is noted that the energy sector will have the highest annual inflation rate in July – 39.7% compared to 42.0% in June.

On July 30, Bloomberg reported that European electricity prices hit record highs in July and will continue to rise further, putting more pressure on consumers.

Prior to this, on July 13, Dmitry Birichevsky, director of the Department of Economic Cooperation of the Russian Foreign Ministry, called Western sanctions against the Russian Federation exhausting their own economy and noted that because of them, Europeans are threatened with winter without heating, and summer heat without air conditioning.

As early as May 12, Russian President Vladimir Putin noted that Russia is successfully coping with sanctions, and those who impose them are provoking a global crisis. He pointed out that the “continuation of the sanctions obsession” would lead to “hard to reverse” consequences for the European Union and the poorest countries.

Western countries have stepped up sanctions pressure on Moscow in response to a special operation to protect the civilian population of Donbass, which began on February 24. The special operation began against the background of the aggravated situation in the region in mid-February. Then the authorities of the DPR and LPR reported on the increased shelling by the Ukrainian troops, announced the evacuation of the civilian population in the Russian Federation and asked for recognition of independence. On February 21, Putin signed a corresponding decree.

For more up-to-date videos and details about the situation in Donbass, watch the Izvestia TV channel.

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