Putin warns sanctions on Russia “catastrophic” for global energy market, European households

Share This Post

Putin warns sanctions on Russia “catastrophic” for global energy market, European households

Russian President Vladimir Putin warned on Friday that continued sanctions against Russia could lead to “catastrophic” energy price rises for European households, claiming that sanction restrictions cause more damage to imposing countries than on Russia.

“Further use of sanctions may lead to even more severe — without exaggeration, even catastrophic — consequences on the global energy market,” Putin said at a televised meeting with senior officials.

“I see certain colleagues [thinking]… we do not give a damn about those sanctions, to hell with them,” he added, urging caution from the Russian side as well. “Yes, we must feel confident, but we must recognize the risks, too.”

Europe has historically relied on Russia for around 40 per cent of its natural gas, with most of it delivered through pipelines. European gas prices soared in 2021 as supply failed to keep pace with demand driven by a recovery from the coronavirus pandemic, and leaping again since Russia sent troops into Ukraine.

For more info, please go to

Subscribe to Global News Channel HERE:
Like Global News on Facebook HERE:
Follow Global News on Twitter HERE:
Follow Global News on Instagram HERE:
#GlobalNews #Russia #Energy

Originally published at https://www.youtube.com/watch?v=DfGvi4_JS7Q

originally published at Energy Archives - Social Gov

Related Posts

FTC Approves 2023 Budget for Horseracing Integrity and Safety Authority

The Federal Trade Commission has issued an order approving the...

Calculator.io Unveils Refinance Calculator for Smart Mortgage Decisions

Refinance Calculator Calculator.io releases a Refinance...

FTC, DOJ and HHS Work to Lower Health Care and Drug Costs, Promote Competition to Benefit Patients, Health Care Workers

Anticompetitive acquisitions and practices can chill fair competition, leading...

One Locksmith Company is Leading the Way in Security Upgrades

DML Locksmith Experience top-tier locksmith expertise...

ZetrOZ Systems Sponsors Event for Athletic Trainers at Major League Baseball Winter Meetings

The maker of a wearable ultrasound unit for soft tissue healing will present data on the effectiveness of sustained acoustic medicine technology. ...
green agriculture project
- Part of VUGA Media group -best seo company