Moscow: On July 8, President Vladimir Putin said that the continued sanctions against Russia could lead to catastrophic energy price rises for European households. Europe has historically relied on Russia for around 40% of its natural gas, most of it delivered through pipelines. “We know that the Europeans are trying to replace Russian energy resources,” Putin said adding, “However, we expect the result of such actions to be an increase in gas prices on the spot market and an increase in the cost of energy resources for end consumers.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Russia energy sites set ablaze after ‘drone attacks’

Fire has broken out at energy facilities in Russia’s Smolensk region after…

Israel says it thwarted Hamas plot to assassinate Ben-Gvir

Israel’s Shin Bet said it foiled a Hamas plot to assassinate Itamar…

At least 12 Turkish soldiers dead after methane gas exposure in Iraq

At least 12 Turkish soldiers died from methane gas exposure in Iraq…

Roads to Eilat blocked amid ‘security incident’

Israeli authorities have blocked access to Eilat, Israel’s southernmost city, after a…