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Your email address will not be published.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

Canada to send combat engineers to Ukraine

Warsaw: On Oct 11, Canada stated that it would send 40 more…

Thousands of S. Sudanese flee fighting Sudan

Tens of thousands of exhausted people are heading home to the world’s…

Iran says 1,060 people killed in Israel war

Iran’s government issued a revised death toll for its 12-day war with…

Hamas leader in West Bank dies in Israeli custody

A Hamas leader in the occupied West Bank died in Israeli custody,…