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Your email address will not be published.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

Syrian opposition forces seize Daraa city centre from Assad regime

The city centre of southern Daraa province, on Syria’s border with Jordan,…

Iran Guards say targeted Amazon data centre in Bahrain 

Iran’s Revolutionary Guards said on Friday that they targeted a data centre…

Two dead, nine injured in Memorial Day shooting in Philadelphia, police say

Two people were killed and nine others, including three teenagers, injured in…