To whom is the signal? Will Colombia replace Russian supplies of coal and oil to the EU

Alexey Gromov gave a commentary to Sputnik radio station about Colombia's opportunities to replace Russian supplies of coal and oil on the EU market.

The Colombian President's statement about the country's readiness to replace Russian energy supplies to the EU countries was commented on Sputnik radio by Alexey Gromov, Principal Energy Director of the Institute of Energy and Finance.

"(The US and Europe) know for sure that they can no longer depend on energy supplies from Russia. Can Colombia contribute to solving this problem? The answer is yes," Duque told CNN.

"Colombia is one of the world's largest exporters of coal. And given favorable prices, it may well redirect part of the supplies. That is, in this way, partially participate in the replacement of Russian coal on the European market. Colombia can do this in a relatively short time: within a few months" - Alexey Gromov said.

However, there is no need to consider Colombia as a serious alternative to Russian oil supplies now, he noted.

“If we talk about oil, the Colombian fields are not as well known as the Venezuelan, Brazilian or other ones in Latin America. And, most likely, the statement of the President of Colombia regarding assistance in replacing Russian oil is a signal for international investors to actively come into the industry and started developing Colombian oil deposits. It will take a long time, several years. And of course, Colombia is not a serious alternative to Russian supplies at the moment," the expert believes.