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Your email address will not be published.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

UN Special Rapporteur praises Luxembourg’s non-renewal of Israel Bonds authorisation

Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), did…

Weekend Essay: How Trump’s Gulf visit could transform the Middle East

Paul Salem, Vice President for International Engagement at the Middle East Institute…

Israel claims it killed 250 Hezbollah fighters

The Israeli army said it has killed 250 Hezbollah fighters, including 20…

Netanyahu pushed forward with air strike on Qatar, ignoring Mossad opposition: Report

Mossad chief David Barnea warned that a planned Israeli strike against Hamas…