Moscow: Russia will suspend oil and gas supplies to countries that have introduced price caps, President Vladimir Putin said Wednesday. Putting a price cap, as some Western countries are considering it, is a “completely ridiculous decision,” Putin said at the Eastern Economic Forum in the Pacific port city of Vladivostok.
“We don’t supply anything if it goes against our interests, in this case economic (interests),” he said. “No gas, no oil, no coal, no fuel oil, nothing.” G7 developed nations on Friday vowed to implement a price cap on Russian oil imports to cut off a major source of funding for Moscow’s military operations in Ukraine. I vowed to move urgently towards it.
Putin said Russia would honor its contractual obligations and hoped other countries would do the same. I am not in a position to dictate,” Putin said. “They should get back to their senses.” Putin pointed to rising energy prices in Europe ahead of winter, citing a Russian fairy tale, saying Russia has nothing but existing contracts. Claimed not to supply.
“They have some solutions, which is bad because they don’t change consumer behavior, but either subsidize higher prices or consume less,” he said. “From an economic point of view, it is correct. From a social point of view, it is dangerous and can lead to explosions. It is better to comply with contractual obligations, civilized rules,” Putin said. said. Putin has denied Moscow was using energy exports as a “weapon” after Russia cut off natural gas supplies to Europe via a vital pipeline.
The Nord Stream pipeline has been shut for several days after Russia announced it was under repair indefinitely, raising fears of an energy price crisis in Europe as winter approaches. Europe has accused Moscow of using energy as blackmail in response to sanctions against Russia’s military operations in Ukraine.
“They say Russia uses energy as a weapon. More nonsense! What weapons will we use? It will supply as much as it needs on demand from importers.Russian gas giant Gazprom’s Nord Stream will restart last weekend after three days of maintenance after an oil leak was discovered in a turbine on Friday It was scheduled, but announced that it would remain closed for repairs.
The Kremlin says the sanctions prevented the proper maintenance of Russia’s gas infrastructure, notably preventing the return of a Siemens turbine that was under repair in Canada. “Give us the turbines. is not us,” Putin added.
“Another Stupidity”
Putin said of a possible Russian gas price cap it was “another nonsense” and “another unpromising, non-market solution”. Putin has warned that Moscow will stop deliveries to countries that impose price caps on Russia’s energy exports. “We don’t supply anything if it goes against our interests, in this case economic (interests),” he said. “No gas, no oil, no coal, no fuel oil, nothing.”
“People who are trying to impose something on us are not in a position to dictate their will today,” Putin said. “They should get back to their senses.” Putin pointed to rising energy prices in Europe ahead of winter, citing a Russian fairy tale, saying Russia has nothing but existing contracts. Claimed not to supply.
Following the imposition of economic sanctions over the Kremlin attack in Ukraine, Russia has cut or stopped supplies to various European countries, sending energy prices skyrocketing. and agreed to a plan to reduce natural gas consumption across the block. – AFP
