“Russia shouldn’t be utilizing any weapons,” Putin stated. “Even through the hardest elements of the Chilly Conflict, Russia usually fulfilled its contractual obligations and equipped gasoline to Europe,” he added.
Russia final interrupted gasoline exports to the European Union in January 2009 after failing to agree costs and pipeline transit tariffs with Ukraine. It additionally lowered gasoline 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 extra 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, based on the European Fee. The surge is the results of hovering pure gasoline prices, pushed by excessive demand in Asia and lower-than anticipated deliveries from Russia.
Most EU international locations depend on gas-fired energy stations to fulfill electrical energy demand, and about 40% of that gasoline comes from Russia, based on Eurostat.
Final month, the Worldwide Vitality Company known as on Russia to provide extra pure gasoline to Europe to assist alleviate the disaster, saying that though Russia is assembly contractual obligations to European clients, exports are down from their 2019 degree.
Kremlin spokesman Dmitry Peskov informed journalists on Wednesday that Russia has elevated gasoline provides to Europe to the utmost potential degree below 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 might assist carry down pure gasoline costs. The pipeline was accomplished final month regardless of years of opposition from international locations together with the USA, which warned that it might enhance Moscow’s affect in Europe.
The Biden administration introduced in July that it had reached a take care of Berlin that will enable the pipeline to go forward in change 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 assist to households, state support for corporations and focused tax reductions.
— Amy Cassidy, Chris Liakos, Walé Azeez and Katharina Krebs contributed reporting.