Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Senate Democratic Leader Chuck Schumer: Law enforcement agencies in New York have informed me of bomb threats targeting several of my offices.
IOF storm Al-Ahli Hospital, vicinity of Al-Mizan Hospital, and Mohammed Ali Al-Muhtaseb Hospital in al-Khalil.
Iraqi sources told Al Mayadeen that reports that Barrack conveyed warnings to Iraq about an Israeli strike if any Iraqi party supports Hezbollah are false.
Pope Leo XIV: Peacemakers do not flee, but dare to stay even if it costs them some sacrifice.
The Pope to the Lebanese: You are a diverse country and a community made up of communities united by one language, the language of hope, which has allowed you to start anew.
Pope Leo XIV to the Lebanese: You are a people who do not give up, but a people who persevere in the face of difficulties and know how to be reborn.
Al Mayadeen's correspondent in South Lebanon: Israeli occupation targets bulldozer working to remove rubble of destroyed home in Shebaa.
IRGC sources tell Al Mayadeen that reports of Iranian missile strikes on northern Iraq are false, calling them rumors spread by enemy-linked media.
Trump: Venezuela airspace should be considered 'closed in its entirety'
AFP: Ukraine behind attack on Russian 'shadow fleet' tankers in Black Sea

EU slams US over war-accumulated wealth: Politico

  • By Al Mayadeen English
  • Source: Politico
  • 25 Nov 2022 19:57
  • 2 Shares
5 Min Read

EU officials go berserk when Biden was tackled over the issue of US gas prices being sold for a higher price on EU markets to which he "simply seemed unaware of the issue."

  • x
  • EU slams US over war-accumulated wealth: Politico
    EU slams US over war-accumulated wealth: Politico

Politico published a striking report on Thursday that details unprecedented accusations by senior EU officials against the US for "fracturing" the West and making "EU countries suffer" at the expense of Biden's campaign to support Ukraine. 

According to the report, officials are accusing the US of amassing enormous wealth out of the war industry as the US is seen "selling more gas at higher prices" and "selling more weapons."

The statements come against the backdrop of a recent bill Congress passed in August this year which many believe will entice crucial enterprises to relocate to the US and wreck crucial industries in the EU economies: the Inflation Reduction Act (IRA).

"America needs to realize that public opinion is shifting in many EU countries," one EU official was quoted as saying.

Even EU's chief Josep Borrell called on Washington to address the bloc's concerns. “The Americans are our friends – they make decisions that matter economically to us,” he told Politico.

The most heated debate revolves around Biden's green subsidies, which are likely to erode some of the EU's vital industries. 

Despite the EU's outcries to address these concerns, Washington has remained silent on the matter.

"The Inflation Reduction Act is very worrying," said Dutch Trade Minister Liesje Schreinemacher. "The potential impact on the European economy is very big."

We should avoid a trade war by any means possible.
It is important to see what the task force will come up with. For now, we have to take it step by step.⁰
- @LSchreinemacher, doorstep #FAC Trade pic.twitter.com/eIXNHSqZ1V

— Netherlands at the EU (@NLatEU) November 25, 2022

EU officials are likewise outraged over the fact that the US was selling gas to the EU at a price 3-4 times higher than on its domestic market.

Some of the bloc's major economies, including Germany, have already issued warnings that de-industrialization is likely to take place in the near future due to partial disruptions in supply chains, staff shortages, and soaring energy prices.

EU officials further went berserk when Biden was tackled over US gas prices to which he "simply seemed unaware of the issue," according to a senior official quoted by Politico.

It was mutually agreed by senior EU officials that American ignorance was a serious issue to deal with. 

But the report further states that Russian President Vladimir Putin would have intentionally wanted the trans-Atlantic alliance to disintegrate, which is wrong considering that the war was initially triggered by NATO's eastward expansion.

Read more: Erdogan: West will pay heavy price over attempts to isolate Russia

Tonino Picula, the coordinator for the EU Parliament's transatlantic relationship with the US, said the US is "following a domestic agenda, which is regrettably protectionist and discriminates against US allies."

Americans responded by saying that the price setting for European buyers is relative to private market decisions and is in no way the outcome of the US government policy.

For instance, profits accumulated from the imports and exports of gases will not go to LNG suppliers, but rather to companies reselling the gas within the EU - such as Totalenergies and other suppliers. 

"US companies have been transparent and reliable suppliers of natural gas to Europe," an American official said.

Read more: French union CGT says strikes partially ended

"It wasn't until Washington announced a $369 billion industrial subsidy scheme to support green industries under the Inflation Reduction Act that Brussels went into full-blown panic mode," the report states.

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

On November 13, The Telegraph published an op-ed titled "Europe has picked a side in the new Cold War – China," suggesting that the EU betrayed the US by joining the "bad side" of geopolitical rivalry, namely China.

The piece is basically blaming the EU for turning its back on the principles of freedom and democracy by launching a series of projects and initiatives with Chinese investors. 

Even though the article states that the EU relies on the US for security, it is clear that the bloc is starting to wake up from the spell of the "China threat", especially since the dragging of the EU into the whole Ukraine situation has resulted in the bloc's bankruptcy financially, militarily, and politically. 

In short, no one is to blame but the US itself over its deteriorating relations with the EU, and as it scrambles to find alternatives to overpriced gas the US shamefully wants to sell, it is undergoing an important transformation that is set to mark the start of a new phase in international relations.

Read more: US, allies 'likely' agreed to cap Russian oil at $60-70: WSJ

  • Energy crisis
  • US
  • Ukraine
  • European Union

Most Read

13 elite Israeli troops were wounded in a confrontations in Beit Jinn, Syria.

13 elite Israeli troops wounded in confrontations in southern Syria

  • West Asia
  • 28 Nov 2025
Russia and China are not part of the Resistance Front, but they are playing an important role in building structures to bypass US power and thus facilitate a multipolar and freer world. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

The Resistance Front and BRICS

  • Opinion
  • 29 Nov 2025
Four killed, ten wounded in targeted California shooting in Stockton

Four killed, 10 wounded in 'targeted' California shooting

  • US & Canada
  • 30 Nov 2025
Point-blank killings: 'Israel' executes 2 Palestinian youths in Jenin

Graphic footage: IOF execute 2 Palestinians from point blank in Jenin

  • Politics
  • 27 Nov 2025

Coverage

All
In Five

Read Next

All
US Ambassador to Turkey Tom Barrack speaks during the Concordia Annual Summit in New York, Wednesday, September 24, 2025 (AP)
Politics

Iraqi sources deny US warning of Israeli attack on Lebanon: Exclusive

People walk through a street in the old city of Homs, Syria, Friday, November 21, 2025 (AP)
Politics

US cautions Israeli occupation against escalation in Syria

Members of the International Committee of the Red Cross (ICRC) arrive at the site where Hamas militants are searching for the remains of captives in Jabalia, northern Gaza Strip, Monday, December 1, 2025 (AP)
Politics

Gaza death toll surpasses 70,000 as victims remain under rubble

Pope Leo XIV meets the Greek Orthodox Patriarch of Antioch John X Yazigi, left, and spiritual leader of Lebanon's Druze community Sheikh Sami Abi al-Mona in the Martyrs' Square, in Beirut, Monday, December 1, 2025 (AP)
Politics

Pope Leo XIV calls for unity, coexistence during Lebanon visit

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS