Former Finnish Prime Minister Matti Vanhanen warned Russia about the consequences of Europe’s transition for renewable energy sources. His words report RIA Novosti.
“According to my estimates, Russia will be very bad,” said the ex-prime minister. His colleague, a deputy Kai Mukkyann said that Finland plans to abandon oil and gas for 15 years.
Earlier, the Secretary General of the Organization of Oil Exporting Countries (OPEC) Mohammad Barkindo stated that Europe’s attempts to abandon the use of fossil fuels in the energy industry reached “hysteria”. This is, according to the Secretary General, explains the rapid rise in gas prices in the region.
At the same time, oil prices rose sharply on October 4 after OPEC participants agreed to maintain moderate raising rates. The exporting countries of petroleum products have adopted such a decision despite the fact that the world stocks of fossil fuels are sharply reduced and a number of states are asked to expand the supply. By the time of publication, the news of the Brent Oil Cost on the London Stock Exchange Ice has already reached $ 81.2 per barrel (December futures). November WTI oil futures are traded at $ 77.4 per barrel.