Italy’s PM Draghi: EU can cut Russian energy dependence sooner than thought

in an interview with Corriere della Sera over the weekend, Italy’s Prime Minister Mario Draghi said that the European Union (EU) can reduce energy dependence on Russia quicker than previously estimated

Key quotes

“Diversification is possible and feasible relatively quickly, shorter than we imagined just a month ago.”

“We have gas in storage and will have new gas from other suppliers,” Draghi said, adding that the effects of any “containment measures” would be mild.

“We are talking about a 1-2 degrees reduction in heating temperatures and similar variations for air conditioners.”

“Europe continues to finance Russia by purchasing oil and gas, among other things, at a price that has no relation to historical values ​​and production costs.”