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Several high-ranking European officials are fed up with the Biden administration’s perceived war profiteering during the Ukraine crisis.
The remarks are made in the context of rising petrol costs and escalating hostility toward U.S. legislation that grants tax benefits to those who “Buy American.”
High-ranking European officials have blasted Biden for “profiting” off the Ukraine War.
In the meantime, some authorities assert that Putin’s invasion of Ukraine is dragging European countries into recession while the United States benefits.
A senior EU source told POLITICO, “If you look at it realistically, the country that is benefiting the most from this conflict is the United States because they are selling more gas at greater prices and more weaponry.”
The European Union has turned to the United States for gas in an effort to minimize its dependency on Russian fuel, but the price the EU pays for the same commodity is allegedly four times that of the United States.
Putin’s invasion of Ukraine has prompted the European Union to seek gas from the United States.
Putin’s invasion of Ukraine has pushed the EU to look toward the US for gas.
Thierry Breton, European Commissioner for the Internal Market, remarked on French television on Wednesday: “The United States sells us its gas with a multiplication impact of four when it crosses the Atlantic.” “Of course the Americans are our allies … but when something goes wrong it is necessary also between allies to say it.”
The Biden administration has vehemently refuted charges of price hikes, instead attributing the high expenditures to the Ukrainian conflict.
“The rise in gas prices in Europe is caused by Putin’s invasion of Ukraine and Putin’s energy war against Europe, period,” a spokesperson for Biden’s National Security Council told Politico.
Thierry Breton ripped the US for up-charging gas by a multiple of four. REUTERS
Thierry Breton criticized the United States for quadrupling the price of gasoline.
European auto makers are alarmed by Biden’s Inflation Reduction Act, a big tax, health care, and environment package that gives tax rebates to individuals who purchase American-made electric vehicles.
“Nobody wants to get into a tit-for-tat or subsidy race. According to Fortune, Irish Trade Minister Leo Varadkar stated during an emergency EU Commission meeting on Friday that the U.S.’s actions are not consistent with the principles of free trade and fair competition.
»EU officials accuse the Biden administration of “profiting” on the Ukraine conflict«