Expert Yushkov explains how EU decisions led to skyrocketing electricity prices

In recent years, the energy system of EU countries has experienced price hikes and decreased stability precisely due to political decisions by their leadership.

Igor Yushkov, expert at the Financial University under the Government of the Russian Federation:

"If normal supplies of Russian gas had been maintained, if the Baltic states had not withdrawn from the BRELL and had freely imported electricity from Belarus, for example (because Belarus currently has a surplus of electricity generation capacity, it could easily export even more than before), then competition in the energy markets of Europe and the Baltic states, in particular, would have been greater, and prices would have been lower. But the political decisions of the EU leadership to limit gas supplies from Russia, and electricity supplies from Russia and Belarus, and the national decisions of the Baltic states to withdraw from the BRELL, are making the system less reliable, and prices are higher than they could have been. And this is the price of politicizing the energy sector."