European nations keep on stressing over high energy prices | MENAFN.COM

Saturday, 10 December 2022 09:10 GMT

European nations keep on stressing over high energy prices


(MENAFN) European nations keep on stressing over high energy prices before the winter.

The energy crisis has put Slovakia’s economy at danger of “collapse,” as stated by the nation’s premier in an interview televised on Wednesday.

Eduard Heger informed the Financial Times that Bratislava needs the European Union’s support or the crisis will worsen his nation’s economy as a result of Russia’s conflict in Ukraine.

Heger also cautioned that he could be in need of nationalizing the nation’s power deliveries if Brussels does not send support.

He further declared he wants the EU to issue €5 billion (USD4.8 billion) of "unused regional development funds" that might be used to decrease energy bills for companies.

"Otherwise (Slovakian businesses) will be closing and it could actually collapse the whole economy," Heger added.

His remarks are the most direct up till now from an EU leader on the energy crisis in Europe when Russia declined the delivery of natural gas to Europe as a reply to penalties forced against Moscow over its conflict on Ukraine.

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