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Kyiv authorities on Friday called on residents to stop driving private vehicles to maintain limited fuel supplies to Ukraine for troops fighting the Russian invasion, in a statement reflecting uncertainties about energy stability in Ukraine and the rest of Ukraine. Europe.
The city administration has encouraged travelers to use public transport, which is slowly recovering after Russian forces stopped trying to take over the Ukrainian capital about a month ago. “Remember the needs of the army,” officials said in a Telegram post.
Measures during the war remind us that the global surge in energy prices that followed Russia’s invasion on February 24 had very different consequences for Moscow and Kyiv. Two months after Russia’s attack, Ukrainians outside the immediate battlefield are struggling to regain a sense of normalcy. (Kyiv already operates 140 buses, 70 trams and 77 trolleybuses, according to city figures, compared to approximately 150 buses and 30 trams on April 5, just days after Russian forces withdrew from the capital’s suburbs.)
Conversely, Russia has earned tens of billions of dollars from oil and natural gas exports, mostly to European Union countries.
Ukrainian President Volodymyr Zelensky acknowledged Ukraine’s fuel shortages in circulation on Friday night. Russia has said it is targeting Ukraine’s fuel facilities, and Zelensky noted that the Kremlin’s blockade of his country’s seaports has exacerbated the energy crisis.
“Queues and rising prices at gas stations are observed in many regions of our country,” he said.
Zelenski said his government would set up a “fuel supply system” within two weeks to alleviate the problem, “no matter how difficult it may be”. He did not give details, but said that Ukraine must also “take from the European Union as much fuel as our citizens need now.” What he meant was not immediately clear. Part of Russia’s energy exports reach EU countries via pipelines that cross Ukrainian territory.
The prolongation of the war in Ukraine is creating major problems for the world economy
The EU is struggling with major energy challenges, with Russia cutting off natural gas supplies to Poland and Bulgaria this week. As the bloc sanctions Moscow for its aggression and seeks to reduce its energy purchases from Russia, prices are rising. Inflation in the eurozone – the 19 countries using the euro as their currency – rose to 7.5% this month; energy inflation was around 40 percent on an annual basis.
IN The 27-member EU still depends on Russia for energy, with average monthly payments to Moscow for purchases of fossil fuels increasing several times in recent months.
EU countries have bought about $ 46 billion worth of oil, natural gas and coal from Russia since the invasion, or about $ 23 billion a month, according to a report from the Center for Energy and Clean Air Research, a Finnish-based think tank. Last year, Russian energy imports to the EU totaled $ 104 billion, averaging just over $ 8.5 billion a month, according to the European Commission.
In the two months since it invaded Ukraine, Russia has exported an additional $ 20 billion in fossil fuels to non-EU countries, including South Korea, Japan and Turkey, all of whom have condemned the Kremlin invasion. China has bought about $ 7 billion in Russian fossil fuels since the start of the war.
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