The US should not be allowed to dominate the global energy market while the EU suffers from the consequences of the conflict in Ukraine, French Finance Minister Bruno Le Maire has warned.

“The conflict in Ukraine must not end in American economic domination and a weakening of the EU,” he said, speaking at the National Assembly on Monday.

Le Maire said it’s unacceptable that Washington “sells its liquefied natural gas at four times the price that it sets for its own industrialists,” adding that “the economic weakening of Europe is not in anyone’s interest.”

“We must reach a more balanced economic relationship on the energy issue between our American partners and the European continent,” Le Maire said.

Prior to the conflict in Ukraine, Russia was the EU’s largest gas supplier, responsible for about 45% of the bloc’s gas imports. However, due to sanctions imposed on Moscow in recent months, Russian gas supplies to the EU have decreased significantly.