OREANDA-NEWS The European Union has lost its economic advantages due to the rejection of energy resources from Russia, as well as the loss of interest from the United States and competition with China. This is stated in the report of the European Commission.

"Economic growth has been slowing down in Europe since the beginning of the century, productivity has been declining, and according to various indicators, the gap in GDP and income between the United States and the EU is growing," the document says.

According to the report, gas in Europe is 4-5 times more expensive than in the United States, and electricity is 2-3 times more expensive. Due to the lack of resources, the market is facing fundamental problems.

Among the unfavorable scenarios is the possible disappearance of the EU if it does not accelerate economic growth and reconsider its ambitions, the document says. At the same time, the United States no longer wants to be a "security umbrella" for Europe, and the European Union cannot yet defend itself, it says there.

In July, the media wrote that Russia had overtaken the United States in gas supplies to Europe, despite attempts by regional countries to abandon Russian fuel. In May, European Commission spokesman Eric Mamer said that the EU has not yet achieved full independence from Russia in the energy sector. At the same time, according to him, the European Union allegedly no longer feels the same pressure on this issue.

At the end of October, Deputy Chairman of the Russian Security Council Dmitry Medvedev spoke about the spoiled energy cooperation between Russia and Europe. According to him, the EU buys liquefied natural gas at exorbitant prices from the United States, which affects the economies of the largest European countries. He clarified that inflation in many EU countries is still off the scale, food prices are rising sharply and will continue to rise. According to him, hard times have come for a long time.