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Lavrov: US-EU Energy Deal Will Trigger Europe’s Deindustrialization

© Sputnik / Alexey Maishev / Go to the mediabankRussian Foreign Minister Sergey Lavrov.
Russian Foreign Minister Sergey Lavrov. - Sputnik International, 1920, 28.07.2025
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The new trade deal between the US and the European Union will lead to Europe’s deindustrialization, as US fuels are much more expensive than Russian, Russian Foreign Minister Sergey Lavrov warned.
US President Donald Trump announced on Sunday that the EU had agreed to buy $750 billion worth of American fossil fuels.

“It’s clear that American energy will be significantly more expensive than Russian,” Lavrov told the the 11th All-Russian Youth Educational Forum 'Territory of Meanings'. "It’s clear that this approach will lead to further deindustrialization of Europe and a shift of investments from Europe to the United States."

"Of course, this will be a serious blow—especially energy prices and capital flight—for European industry and agriculture,” he added.
Lavrov noted that figures like European Commission President Ursula von der Leyen openly boast about following that path.
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