US Secretary of State, John Kerry on 2 April 2014 urged the EU and US to help Ukraine to overcome its energy shortages, claiming that the energy must not be used as weapon. At present Ukraine is suffering from energy shortage because of the gas-price hike by Moscow. Russia on 1 April 2014 raised the rate of gas supplies to Ukraine from 268.5 US dollars to 385.5 US dollars per 1000 cubic meters.
John Kerry, during a meeting of the US-EU Energy Council in Brussels said that no nation should use energy to stymie people’s aspirations and should not use it as a weapon.
Kerry termed the Russian step of hiking the gas-price as more pressure on the teetering economy of Ukraine and said that the price hike in energy supplies should not be used as a political weapon or an instrument for aggression.
Catherine Ashton, the EU foreign policy chief, who co-chaired the meet said the European allies and the US are working to bring had to Ukraine from neighbouring Hungary and Poland. He also informed that they have decided to develop a route from Slovakia.
Background of the US and the EU approach for sustainable global energy markets
On the need to promote open, transparent, competitive and sustainable global energy markets the EU and the US share a common approach. They have been co-operating in the energy sector for a long time.
In June 2009, this co-operation was boosted with the proposal of the USA to establish an EU-US Energy Council. The agreed terms of reference of the Council are broad and designed to bring together all key actors working on energy issues on both sides of the Atlantic, in three areas for which corresponding working groups were established: Energy security, Energy technologies research and Energy policy.