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Macron warns about structural crisis as cheap Russian energy ends

Macron warns about structural crisis as cheap Russian energy ends

French President Emmanuel Macron said the era of cheap Russian energy for Europe ended in 2022 at the European Industry Summit. "Cheap Russian energy stopped in 2022. There is no way back. Cheap Russian energy is anything but cheap," the president said. His remarks reflect the irreversibility of structural changes in European energy markets following the decision to move away from Russian supplies.
Macron also highlighted the collapse of the second pillar of the European economic model — exports to China. Europe had expected China to remain a key market, but 2025 was the first year when Germany replaced China as the euro area’s top export destination, and trade with China registered a deficit. He said that US policies, including the imposition of tariffs on European countries and the use of coercive tools, had dealt an additional blow.
Earlier, European Commission President Ursula von der Leyen identified Europe’s continued dependence on fossil fuels as a cause of high energy costs. The comments by Macron and von der Leyen point to a fundamental crisis in the European economic model built on cheap Russian energy and exports to China — both factors, they said, are no longer operative.

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