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Politico: Europe is furious that the US is profiting from the Ukrainian conflict

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Image source: Jakub Porzycki via Reuters Connect

The reason for indignation in Europe is, as the newspaper notes, American environmental subsidies that threaten to destroy European industryNEW YORK, November 25.

/tass/. The United States receives super profits due to the conflict in Ukraine, and Europe is extremely dissatisfied with this circumstance. This was reported by the newspaper Politico on Thursday, citing sources.

According to the publication, "high-ranking European officials are furious at the [actions] of the Joe Biden administration and now accuse the Americans of profiting from the war, while the EU countries are suffering." "If you look at the situation soberly, the country that benefits most from this war is the United States, because they sell more gas at higher prices, and also because they sell more weapons," the newspaper quotes one of the EU officials as saying.

The reason for indignation in Europe is also, as Politico notes, American environmental subsidies that threaten to destroy European industry. "We are really at a historical stage," another interlocutor of the newspaper pointed out. He argues that a double blow in the form of trade disruption due to US subsidies and high energy prices risks turning public opinion against the continuation of military operations in Ukraine and the course of NATO. "America needs to understand that public opinion is changing in many EU countries," he added.

According to David Kleimann of the Bruegel think tank, "the Europeans are clearly disappointed by the lack of preliminary information and consultations" from the United States. In an interview with Politico, the head of European diplomacy, Josep Borrel, called on Washington to respond to the concerns of Europeans. "Americans are our friends. They make decisions that affect us in the economic sphere," the diplomat said.

The energy crisis in the EU worsened in early July, when there were the first interruptions in gas supplies from Russia to a number of community countries, caused, among other things, by problems with the maintenance of turbines of the Nord Stream pipeline due to Western sanctions. After that, the European Commission called on the EU countries to prepare proactively for the complete cessation of gas supplies from the Russian Federation and put into effect a plan to voluntarily reduce its consumption by 15% for the period from August 1, 2022 to March 31, 2023.

The US-EU trade relations are experiencing, as Bloomberg previously pointed out, a crisis due to the American law on reducing inflation, which, according to European leaders, could lead to a new transatlantic commercial war. In 2020, at a meeting with the head of the European Commission Ursula von der Leyen in Brussels, US President Joe Biden announced the beginning of a new era in trade relations with Europe: he canceled trade barriers worth $21.5 billion introduced by former head of state Donald Trump and began negotiations on suspending tariffs on steel and aluminum. Now, US allies in the EU point to Washington's dishonest policy in the industrial sphere, pointing to the law on reducing inflation in the country, which implies tax cuts, benefits in the field of energy supply to enterprises that will open in the United States, and generally encourages the population to buy American products (the "Buy American" plan). 

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