Mitsotakis Says Immediate Ban on Russian Gas Imports Isn’t Realistic

ATHENS – In an interview with Bloomberg on Wednesday, Prime Minister Kyriakos Mitsotakis repeated his call for a short-term intervention in the pricing structure of the wholesale gas market on a European Union level – outlined in his “Six-point Plan” proposal to European Commission President Ursula von der Leyen – in order to contain skyrocketing gas and electricity prices in the EU.

Responding to questions about the possible cost and impact of the measures, he justified this intervention on the grounds that the market was no longer properly functioning according to the rules of supply and demand. According to the Greek prime minister, this was evident because prices had shot up even though the supply of gas had not significantly changed.

“If that indeed is the case, that begs the question whether we should make a more drastic intervention, essentially reset the market, rebalance it to ensure we avoid excessive fluctuations, which essentially have nothing to do with the fundamentals of supply and demand,” Mitsotakis said.

He noted that this will be discussed by European leaders and pointed out that the Recovery Fund set up after the pandemic was also considered “inconceivable” by many.

While all European countries were taking steps such as subsidising consumers, Mitsotakis said, there was need for a more systematic intervention and, while there were other ideas on the table, he was advocating “a European-wide solution to what is essentially a European problem.”

Mitsotakis supported EU measures to reduce reliance on Russian natural gas, but pointed out that these would need time and that short-term measures were also needed because the problem faced by households and enterprises was acute.

“The short-term disruption is so massive that it’s imposing such a big burden on our consumers but also on our businesses that it will no longer be manageable at the level of the national budgets,” Mitsotakis said.

Asked about the possibility of a ban on energy imports from Russia, he said this would not be realistic, while if Russia proceeded to stop selling to Europe, he said that Europe will have to be ready in the case of that eventuality.


For the first time, Greek voters in the homeland and the Diaspora will be able to participate in elections for the European Parliament for the first time on June 9.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


2 Germans, a Spaniard and a Senegalese Killed in Building Collapse in Spain’s Mallorca Island

MADRID (AP) — Spain's National Police on Friday gave details on four people killed when a building housing a bar and restaurant club collapsed on the island of Mallorca.

NEW YORK – The New York Times has reported that “an aide to Mayor Eric Adams who served as his longtime liaison to the Turkish community has turned against him and is cooperating with the corruption investigation into Mr.

BOSTON – Crowds flocked to the Greek Festival of the St.

The news about air travel lately hasn't been pleasant.

Beyond the issues in Crete and our own in America, as we wrote in our ‘Analysis’ in last week’s edition, Patriarch Bartholomew has unfortunately ensnared himself in problems with the majority of local Orthodox Churches worldwide, with few exceptions such as those of Greece, Alexandria, and Cyprus, due to the granting of Autocephaly to Ukraine, which has proven to be ill-timed and ill-suited.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.