Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. urges Russia to do more for European energy security

Published 10/14/2021, 03:32 PM
Updated 10/14/2021, 03:36 PM
© Reuters. Deputy Secretary of State Wendy Sherman speaks on the situation in Afghanistan at the State Department in Washington, DC, U.S. August 18, 2021. Andrew Harnik/Pool via REUTERS/Files

WASHINGTON (Reuters) - U.S. Deputy Secretary of State Wendy Sherman, in a meeting with Russian Deputy Prime Minister Aleksey Overchuk on Thursday, called on Russia to "do more to ensure European energy security," the U.S. State Department said.

Natural gas prices in Europe and elsewhere have rocketed this year due to lower-than-usual stocks, reduced supply from Russia, the onset of colder weather and infrastructure outages.

White House national security adviser Jake Sullivan discussed the gas issue with European Union officials in Brussels last week and said the United States was concerned that supply was not keeping up with surging demand as economies recovered from the COVID-19 pandemic.

Asked whether Russia was holding back energy as leverage, Sullivan said: "Russia has a history of using energy as a tool of coercion, as a political weapon."

© Reuters. Deputy Secretary of State Wendy Sherman speaks on the situation in Afghanistan at the State Department in Washington, DC, U.S. August 18, 2021. Andrew Harnik/Pool via REUTERS/Files

President Vladimir Putin said on Wednesday that Russia was ready to provide more gas to Europe if requested, emphatically rejecting the suggestion that Moscow was squeezing supplies for political motives.

The State Department said Sherman also urged Russia to "ensure fair treatment for U.S. companies in its marketplace and to resolve U.S. concerns about Russia’s trade and investment climate."

Latest comments

Biden is friend of Russia
The US telling Russia or any other country what it should do or not do is hilarious.  Nobody respects or admires the United States anymore - this country has become a laughing stock to the entire world.
The US telling Russia or any other country what it should do or not do is hilarious.  Nobody respects or admires the United States anymore - this country has become a laughing stock to the entire world.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.