Cernobbio: European Commission Economic Commissioner Paolo Gentiloni said on Saturday that the European Union is “well prepared” in case Russia’s gas supply is completely cut off, thanks to its storage capacity and energy-saving measures. .

“We are well prepared to resist the extreme use of gas weapons by Russia,” he told reporters at an economic forum hosted by the House of Europe – Ambrosetti.

“We are not afraid of Putin’s decision.

Russian gas giant Gazprom said on Friday the Nord Stream pipeline linking Russia and northern Germany was due to resume service on Saturday after a three-day suspension for maintenance work, but turbines will be repaired. announced that it would stop “completely”.

Moscow had reacted to a decision to target Russia’s energy inventories by agreeing to cap Russia’s oil prices announced by G7 countries on Friday.

European Commission President Ursula von der Leyen backed measures put forward by Italian Prime Minister Mario Draghi on Friday to cap the price of pipeline gas imports from Russia, saying “the time is right”. will come,” he said.

In the European Union, “gas storage is now around 80%, thanks to supply diversification,” although the situation varies from country to country, Gentiloni said.

He said Brussels had “done a lot in the last few months” but “can do even more today”.

The aim, he explained, is to “pursue a united European strategy to counter Ukrainian aggression using economic weapons.”

“We are not in war, we are not in military escalation,” he said.

“We stand by Ukraine. We need to do it more effectively now.”

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