The president of Russia, Vladimir Putin, stated this Thursday that Europe right now does not have the possibility of substituting Russian gasand accused the European Union (EU) of destabilizing the market and causing price increases with its debate on an embargo on Russian oil and gas.
“The so-called partners of unfriendly countries admit that they cannot do without energy resources, including natural gas. Simply, there is no reasonable replacement for Europe now“, he said at a meeting on the situation in the Russian hydrocarbon sector in which Deputy Prime Minister Alexander Novak participated.
The Russian president admitted that the substitution “it is possible, but still missing” and “everyone knows that at the moment there are simply no free volumes” available that Europe might purchase as an alternative.
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“And supplies from other countries, in first place in the USAwhich can be sent to Europe, will be several times more expensive for consumers, will be reflected in people’s standard of living and in the competitiveness of the European economy,” he predicted.
“Despite things that are obvious to everyone, European countries speak constantly rejecting Russian supplieswhich further destabilizes the market and themselves, with their own hands, they inflate pricesmainly for its citizens,” he said in reference to rising inflation rates in Europe.
In Putin’s view, attempts by Western countries to drive Russian suppliers out of the market, to replace their energy resources with alternative supplies, “will inevitably affect the entire economy world”.
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He said the consequences might be “very painful, especially for those who promote this policy“.
“Russian energy companies are responsible participants in the world marketwere established with more than a decade of work and strict compliance with their obligations,” he stressed.
According to the head of the Kremlin, who has demanded that unfriendly countriesincluding all of the EU, pay for russian gas in rubles“Disruptions in disbursement are observed for export supplies of Russian energy resources.”
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“The banks of those same unfriendly countries delay payment transfers“, he maintained, without indicating the reason.
In Putin’s view, the West is trying to “cover up your own miscalculations” with its green transition agenda and blaming everything on Russia.
“Now there is a wonderful reason to cover up not only your own miscalculations and incompetence in the energy sector, but also in many other areas and blame everything on Russia,” he said.
The EU is now even ready to “abandon its green agenda and go back to energy with a high carbon footprint”
The Russian president assured that the EU is now even ready to “ditch your green agenda and go back to energy with a high carbon footprint.” In these circumstances, Russia must “diversify exports,” he said.
“Let’s start from the basis that a future next supplies energy resources in the western direction they will decrease. That is why it is important to strengthen the trend of recent years: step by step redirect our export to the markets of the South and East, which are growing rapidly,” he said.
For this, it is necessary to determine soon the installations of key infrastructure and begin constructionPutin insisted.
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It also considered it necessary to guarantee the stable supply of energy resources in the internal market. “In conditions in which external markets contract, it is important to increase supplies to Russian consumers. And to stimulate domestic demand you need to get prices down wherever possible,” he said.
