Putin assured that Europe for now has no alternative to Russian gas and accused the West of destabilizing the market

Putin assured that Europe for now has no alternative to Russian gas and accused the West of destabilizing the market

Attempts by Western countries to sideline Russian producers, to replace our energy resources with alternative supplies, will inevitably affect the world economy as a whole,” Putin warned.

“The consequences” can “be very painful, especially for the promoters of such a policy,” he added.

These statements and the announcement of the reorientation of Russian energy towards Asia come as European countries contemplate expanding their sanctions against Moscow’s hydrocarbons in reaction to its military intervention in Ukraine.

“We start from the principle that deliveries to the west are going to decrease in the future,” the president said at a government meeting dedicated to the energy sector after the imposition of international sanctions. So we have to “reorient our exports to the rapidly growing markets of the south and east,” he added.

“Russian energy companies are responsible participants in the world market, they were established with more than a decade of work and strict fulfillment of their obligations”, he stressed. According to the head of the Kremlin, who has demanded that countries, including all those in the EU, pay for Russian gas in rubles, “interruptions are observed in the disbursement of export supplies of Russian energy resources.”

Source: Ambito

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