Ending dependence on Russian energy will be ‘painful’ – Johnson — Analysis

The UK spends ‘billions of pounds’ to ease the cost of living but cannot do that for long, Prime Minister Boris Johnson has warned

British Prime Minister, David Cameron has called for an immediate end to the violence. “dependence”Russian oil and natural gas: Comparing it to “addiction,”His guest post for the Daily Telegraph was published Monday and warned that it will not be a smooth process. “tough”And “painful”For British households

Abandoning Russia’s oil and gas supplies has become an imperative now, Johnson argued in his lengthy guest piece, as he called it a “terrible mistake” that the UK and other western nations had not stood up to Moscow’s “bullying” sooner.

He also implied Russia’s military action in Ukraine is to blame for the rising energy prices, saying that as Russia’s “bombs fall, the cost of oil and gas rises still further, meaning less money in your pocket.”Und “that is why that dependence [on Russian oil and gas] must – and will – now end,”He argued that Russia would not be able to do so, as he said. “exploit this dependence.”

US bans Russian energy imports

The prime minister said that taxpayers in Britain should not make any mistake about believing that this would be an easy process. “I don’t doubt that there will be tough times ahead. The process of weaning the world off Russian oil and gas, and hydrocarbons in general, will be difficult…We have to accept that such a move will be painful.”

Johnson stated that Johnson’s government was “spending billions of pounds to ease the cost of living and cut hundreds off your household bills. But none of us can afford to carry on like this for long.”However, he did not go into detail about the future challenges facing British families.

The British Prime Minister suggested a solution that would increase reliance on renewable energy, such as offshore wind farms or solar power stations. He called it “the quickest and cheapest route to greater energy independence.”

Banning Russian oil would grind Germany to a halt – Berlin

“A kilowatt from a North Sea wind turbine costs less than one produced by a power station running on gas shipped to the UK from overseas,”Johnson spoke. Johnson stated that the second component of this strategy was to turn towards nuclear power through building. “small modular reactors as well as the larger power stations”All over the UK. Encouraging investments in oil and gas extraction from the UK’s North Sea reserves has been mentioned as well.

This strategy could eventually benefit the UK “cut the crippling bills being inflicted on homes and businesses across the country,”Johnson has already promised. Johnson’s words come as Western governments increasingly push for reneging on Russian oil and gas imports amid the ongoing military action in Ukraine. Australia joined the US in banning Russian oil imports within days.

However, other Western countries were less enthusiastic about the idea. Last week, German Chancellor Olaf Scholz admitted that his country cannot stop purchasing Russian gas immediately, since Germany’s energy supply “cannot be secured in any other way.”Annalena Baerbock, the German Foreign Minister, also acknowledged that Russia banning would create chaos and practically grind down the country.

World’s third biggest oil consumer snubs calls to avoid Russian crude – media

The UK’s own energy giant – Shell – bought Russian crude after the military operation was launched in Ukraine. Later, the company apologized for the mistake and promised to donate any profits to help Ukrainian refugees.

Other nations around the globe have been equally reluctant to accept the US initiative. Indian Oil Corporation (IOC), the country’s biggest refiner, bought three million barrels of Russian oil on Monday for delivery in May, according to Reuters.

 Western nations have imposed a set of unprecedented sanctions on Moscow over its invasion to Ukraine, but the nation’s oil and gas trade has not been sanctioned directly. Instead, the sanctions targeted Russia’s finances, banking sector as well as its space and aviation industry.

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