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Your email address will not be published.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

US President Joe Biden tests positive for COVID-19

Washington: US President Joe Biden on Thursday tested positive for COVID-19, the…

Several killed in DR Congo church attack

At least five people were killed and 15 others wounded in a…

Gaza surgeons operate in hospitals corridors

When Gaza’s Indonesian Hospital received a sudden influx of patients badly injured…

Iran protests subside: ‘We haven’t seen any more riots’

Foad Izadi, a professor at the University of Tehran, says demonstrations in…