“Russia is just not utilizing any weapons,” Putin stated. “Even through the hardest elements of the Chilly Battle, Russia usually fulfilled its contractual obligations and equipped fuel to Europe,” he added.
Russia final interrupted fuel exports to the European Union in January 2009 after failing to agree costs and pipeline transit tariffs with Ukraine. It additionally decreased fuel flows briefly to Ukraine in 2006 and 2008 as the results of pricing disputes.
Putin struck a extra conciliatory tone on Wednesday, saying that Russia was “ready to debate any further steps” with European governments to deal with the worsening power disaster.
“Russia flawlessly fulfills its contractual obligations to our companions, together with our companions in Europe,” he stated. “Furthermore, we all the time attempt to fulfill our companions midway.”
Wholesale electrical energy costs in Europe have elevated by 200% in comparison with the 2019 common, in accordance with the European Fee. The surge is the results of hovering pure fuel prices, pushed by excessive demand in Asia and lower-than anticipated deliveries from Russia.
Most EU nations depend on gas-fired energy stations to fulfill electrical energy demand, and about 40% of that fuel comes from Russia, in accordance with Eurostat.
Final month, the Worldwide Vitality Company referred to as on Russia to produce extra pure fuel to Europe to assist alleviate the disaster, saying that though Russia is assembly contractual obligations to European clients, exports are down from their 2019 stage.
Kremlin spokesman Dmitry Peskov advised journalists on Wednesday that Russia has elevated fuel provides to Europe to the utmost potential stage beneath present contracts and can’t exceed these thresholds.
Russian officers have beforehand stated that rushing up the approval of the controversial Nord Stream 2 pipeline linking Russia with Germany may assist carry down pure fuel costs. The pipeline was accomplished final month regardless of years of opposition from nations together with america, which warned that it could enhance Moscow’s affect in Europe.
The Biden administration introduced in July that it had reached a cope with Berlin that may enable the pipeline to go forward in alternate for German help to Ukraine. It’s now awaiting clearance from German authorities.
The European Fee on Wednesday unveiled a sequence of measures aimed toward tackling the power disaster, together with rushing up the transition to renewable types of power.
EU member states have put in place a sequence of emergency measures to assist customers and companies address the decade-high electrical energy prices, together with direct monetary help to households, state help for corporations and focused tax reductions.
— Amy Cassidy, Chris Liakos, Walé Azeez and Katharina Krebs contributed reporting.