Reference News Network, July 29 report: According to the Russian Sputnik website on July 28, Russian Foreign Minister Lavrov said that the trade agreement between the United States and the European Union will lead to deindustrialization in Europe, and U.S. energy will be more expensive than Russian energy.
Previously, U.S. President Trump stated that the EU agreed to purchase $750 billion worth of energy from the United States.
Lavrov said at a forum: "It is obvious that U.S. energy will be significantly more expensive than Russian energy. Obviously, this approach will lead to further deindustrialization in Europe, causing investment flows to shift to the United States. Of course, this will have a very heavy impact on energy prices, investment flows, and European industry and agriculture."
According to reports, on July 27, Trump stated that the U.S. had reached a trade agreement with the EU. After an informal meeting with European Commission President von der Leyen, Trump revealed some details of the new agreement, including the U.S. imposing a 15% tariff on EU products exported to the U.S., the EU increasing investments in the U.S. by $600 billion, and purchasing $750 billion worth of American energy.
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