EU’s energy policy is economic suicide – Putin

EU’s energy policy is economic suicide – Putin

Russian President Vladimir Putin said on Tuesday that energy inflation in Western countries should be blamed on their own mistakes, and not on Russia. The EU is committing economic suicide by trying to wean itself off from Russian energy resources, Putin said.

“Such an economic auto-da-fé, suicide is, of course, an internal affair of European countries. We must act pragmatically, proceed primarily from our own economic interests,” he said during a video conference on the oil sector.

According to Putin, Europe recognizes that it cannot yet completely abandon Russian energy resources. Nevertheless, they have set such a task, “without paying any attention to the damage that they have already caused to their own economy.”

The sanctions and declarations about the desire to give up on Russian energy have contributed to the growth of oil prices across the world,” he stressed.

“Today we see that for absolutely political reasons, because of their own ambitions and under pressure from their American overlord, European countries are imposing more and more new sanctions on the oil and gas markets. All this leads to inflation, and instead of admitting their mistakes, they are looking to assign guilt somewhere else,” Putin said.

“They are trying to blame this energy inflation on us, they blame everything on Russia, trying to cover up, as I said, their own systemic mistakes in this area,” the Russian president added.

For more stories on economy & finance visit RT's business section

Source: www.rt.com

The last notes - Экономика

most read news

#Экономика

The Central Bank of Russia (CBR) is considering creating a compensation fund for local investors whose assets have been frozen by Western nations, Governor Elvira Nabiullina said on Thursday during
подробнее...

Price for electricity in two key EU markets saw enormous increases on Friday, forcing the bloc’s leaders to call an emergency meeting to discuss the power-supply crisis that keeps tightening its grip,
подробнее...

Russian energy major Gazprom's stock jumped 31% on Wednesday to 267.25 rubles per share (just over $4.43) on the Moscow Exchange, following the company’s announcement of bumper profits and dividend
подробнее...

South Korea has clinched a 3 trillion won ($2.25 billion) deal with Russian state nuclear corporation Rosatom to provide components and construct turbine buildings for Egypt’s first nuclear power
подробнее...

The Bulgarian government is considering holding talks with energy giant Gazprom on resuming Russian natural gas imports, Energy Minister Rosen Hristov told Nova TV on Friday.“There are still no active
подробнее...

Electricity prices in Germany are expected to jump to record highs next year, the Neue Osnabrucker Zeitung newspaper reported on Friday, citing the country’s local public utilities association
подробнее...

Natural gas spot prices in Europe continue to rise with September futures on the TTF hub in the Netherlands jumping to nearly $3,500 per thousand cubic meters on Friday, according to data on the
подробнее...

Hundreds of various types of unsanctioned Russian goods worth billions of dollars continue to flow into US ports, Associated Press reported on Thursday.The report highlighted that over 3,600 shipments
подробнее...

The EU is planning urgent steps to bring down surging power prices, European Commission President Ursula von der Leyen said on Monday, as quoted by Bloomberg.“The skyrocketing electricity prices are
подробнее...

Imports of Russian goods by Mexico saw a substantial annual increase of more than 20% during the first six months of the current year, according to the latest figures released by the Bank of Mexico.In
подробнее...

The Moldovan government has launched a special website which will help citizens find firewood to heat their homes, authorities announced this week.“The site provides information about the nearest
подробнее...

Russia plans to propose expanding the use of national currencies in trade settlements between the members of the Eurasian Intergovernmental Council (EAEU), news outlet RBC reported on Thursday, citing
подробнее...

The proposal by the EU to place a price cap on Russian natural gas imports is a foolish, non-market-oriented plan that has no future, Russian President Vladimir Putin said on Wednesday.“Faced with
подробнее...

Major European ports have signaled their readiness to facilitate the export of Russian fertilizers, UN Secretary-General Antonio Guterres said in an interview with RIA Novosti, published on
подробнее...

The engine of European economic development, Germany, is set for a contraction, Deutsche Bank CEO Christian Sewing warned this week, as cited by CNBC.According to the media outlet, Sewing said in a
подробнее...

The European Commission on Sunday proposed withholding $7.5 billion in funds allocated to Hungary, due to corruption concerns. The suspension is aimed at protecting the bloc’s budget, according to
подробнее...

One of Russia’s top banks, VTB has become the first lender in the country to launch money transfers to China in yuan, sidestepping the Western-controlled global financial messaging system SWIFT.“The
подробнее...

The euro area has already entered a “shallow” recession that will last through the end of the year, economists at UBS Group said on Thursday, in a report seen by Bloomberg. They attributed the
подробнее...