Russian President Vladimir Putin claims that any attempt to isolate Russia from the global natural gas market will hurt European consumers.
“Any attempt to exclude Russia from the global gas market or to curb the development of our industry has serious consequences,” Vladimir Putin said on Tuesday at the Gas Exporting Countries Forum in Moscow, according to The Moscow Times.
“First and foremost, this means soaring costs for end users of gas abroad: businesses, companies and households,” he said.
Putin also claimed that Europeans are already facing high energy costs as the EU moves to phase out imports of Russian natural gas by next autumn in a bid to curb the Kremlin’s revenues amid the war in Ukraine.
“We have a saying in Russia: ‘Don’t dig a pit for someone else, or you’ll fall into it yourself.’ That is exactly what happened in the EU countries,” the Russian president added.
Russia’s share of EU gas imports plunged from 45% in 2021 to 19% in 2025, although seaborne shipments of liquefied natural gas partially offset the decline in pipeline flows.
Details, HERE