BREAKING WORLD WAR III NEWS: SOME IN EUROPE BELIEVE THAT BIDEN HAS BEEN SO FREE TO SEND MILLIONS OF DOLLARS OF AMERICAN TAX-PAYERS MONEY TO UKRAINE BECAUSE AMERICA IS MAKING BILLIONS OFF THE WEAPONS SENT; SOME ARE WONDERING “IS WASHINGTON STILL OUR ALLY?” EU accuses U.S. of PROFITEERING from Ukraine war through sales of guns and gas and threatens trade war – as top diplomats moan Biden’s green subsidies mean European businesses are relocating to U.S.

High gas prices and the Inflation Reduction Act’s green subsidies are leaving many Europeans to wonder whether or not the U.S. is still an ally

BREAKING WORLD WAR III NEWS: SOME IN EUROPE BELIEVE THAT BIDEN HAS BEEN SO FREE TO SEND MILLIONS OF DOLLARS OF AMERICAN TAX-PAYERS MONEY TO UKRAINE BECAUSE AMERICA IS MAKING BILLIONS OFF THE WEAPONS SENT; SOME ARE WONDERING “IS WASHINGTON STILL OUR ALLY?” EU accuses U.S. of PROFITEERING from Ukraine war through sales of guns and gas and threatens trade war – as top diplomats moan Biden’s green subsidies mean European businesses are relocating to U.S.

  • European Union officials are accusing the United States of profiting off the Ukraine war with Russia over the price of gas and weapons sold by the US
  • One senior European official recently said in an interview with Politico that America is the country ‘that is most profiting from this war’ 
  • The frustration comes as Europeans also raise concerns over President Joe Biden’s green subsidies, which they say could wreak havoc on EU countries
  • The Biden Administration denied the allegations, saying that gas prices have risen due to ‘Putin’s invasion of Ukraine and Putin’s energy war; on Europe
  • The Inflation Reduction Act (IRA) and its ‘buy American’ provisions could kneecap several European countries over the next year

The EU has accused the US of profiteering from the Ukraine war by selling guns and gas at ramped up prices.

Several high-ranking officials within the Bloc accused Joe Biden of capitalizing on the brutal Russian invasion by marking up the cost to import the vital products.

One senior official told Politico they believe America was standing to gain the most from the continuation of the fighting, nine months after soldiers first invaded.

‘The fact is, if you look at it soberly, the country that is most profiting from this war is the U.S. because they are selling more gas and at higher prices, and because they are selling more weapons,’ the official said.

In recent months, Europeans have weaned off Russian energy and gas with the countries forced to look to the US for their oil.

EU countries however pay roughly four-times as much for gas as it costs in America, with cheaper energy becoming hugely competitive in the states.

Businesses are looking to pump cash into the US fuel market with new investments – as some even relocate their firms to the other side of the Atlantic.

It has sent some world leaders in Europe into a frenzy, with French President Emmanuel Macron recently saying it was not friendly of the US to treat allies as it is.

Meanwhile European countries are suffering an arms shortage due to huge shipments that have been sent to Ukraine – with them racing to replenish supplies over the winter.

Yet the Americans continue to send more, with the cost of supplying Ukraine to the US now at over $19 billion as another $400 million was added earlier this week.

It comes at an already tumultuous moment between the Americans and several nations as Europe grapples with the fallout from Biden’s green subsidies.

‘The Inflation Reduction Act has changed everything,’ one EU official said. ‘Is Washington still our ally or not?’

Tensions came to a boil on Friday as EU trade ministers met and branded the act ‘discriminatory’, ahead of it coming into force in just over a month.

The nearly $400 billion subsidy ‘scheme’ introduced in the Inflation Reduction Act incentivizes Americans into buying products that are both U.S. made and energy efficient.

The IRA provides tax credits for businesses and individuals who purchase ‘green’ products, including wind turbines and elective vehicles.

The credits are mostly available, however, for products made in the United States.

The IRA reportedly sent Brussels into ‘full-blown panic mode,’ with country officials concerned over the subsidies taking away from EU products and threatening European businesses.

The country recently set up a task force to look into the impact of the IRA on European nations in the coming months and years.

European trade ministers also gathered in Brussels Friday to discuss the IRA, but no concrete solution was found.

Jozef Sikela, the minister for the Czech Republic, recently said he hopes to have a solution before the EU trade ministers meet in early December.

‘What is important for us is that the US is aware of our concerns and the task force has to work out a solution which will be acceptable for both parties,’ Sikela recently told the Financial Times.

U.S. officials have repeatedly shrugged off the concerns from the European leaders.

At the G20 summit in Bali, EU officials reportedly asked Biden about the high gas prices, to which the American President ‘seemed unaware of the issue,’ according to the official who spoke with Politico.

‘The rise in gas prices in Europe is caused by Putin’s invasion of Ukraine and Putin’s energy war against Europe, period,’ a spokesperson for Biden’s National Security Council told the outlet.

The spokesperson also said that the high gas prices impacting the wallets of Europeans is not to be blamed on the U.S. government, but on ‘private market decisions.’

‘U.S. companies have been transparent and reliable suppliers of natural gas to Europe,’ the official said.

Exporting capacity of gasoline has also been capped thanks to a June accident that shut down a facility involved in the trade.

Source: Daily Mail Online, Hope Sloop

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