As the European Union faces an energy crisis due to the ongoing conflict in Ukraine, the US must not be allowed to dominate the global energy market, French Finance Minister Bruno Le Maire has said.

Addressing the French National Assembly, he also said that the Russia-Ukraine conflict should not end with US economic dominance and EU weakness. He said that the US took advantage of the energy crisis in Europe caused by the Russia-Ukraine conflict and the EU countries are now forced to purchase the same gas at a price four times higher.

Before the Russia-Ukraine conflict, most of Europe’s energy was imported from Russia. But due to the sanctions imposed by the European Union countries including the United States on Russia and the explosion of the Nord Stream gas pipeline that happened only a short time ago, Russian gas supplies to the European Union have been significantly reduced.