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Your email address will not be published.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

Israeli ground forces operate in Gaza Strip

Israeli ground forces are fighting Hamas in all areas of Gaza, a…

Modi’s brother hospitalized after car accident

Indian Prime Minister Narendra Modi’s brother, Prahlad Modi, met with an accident…

Iranian president asks government to listen to protesters’ ‘legitimate demands’

Iran’s president urged his government to listen to the “legitimate demands” of…

Queen Rania discusses humanitarian situation in Gaza with Italian PM

Queen Rania of Jordan met Italian Prime Minister Giorgia Meloni, during a…