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Putin calls EU effort to ban Russian energy ‘economic suicide’

President of Russia, Vladimir PutinIn what is today described as “economic suicide”, the policy of European Union (EU) countries in…

By admin , in news , at May 17, 2022

President of Russia, Vladimir PutinIn what is today described as “economic suicide”, the policy of European Union (EU) countries in energy matters at a time when they are discussing sanctions on Russian gas and oil in response to the Russian military conflict in Ukraine. Huh.

“This economic auto-da-fe, this suicide, is an internal matter for European countries, we must act pragmatically and start from our own economic interests,” he told a telematic meeting dedicated to the oil industry in Russia. Said during, while analyzing the possibility of a European veto on Russian crude.

The Russian President stated that at present “on the basis of reasons of a political nature, to fulfill his own ambitions and under pressure from the American sovereignEuropean countries impose more and more restrictions on the oil and gas markets, leading to increased inflation.

Putin accuses EU of acting under US orders

“Europeans openly admit that they still absolutely cannot do without Russian energy sources,” he said, noting that In some European countries, most of the oil consumed is Russian.So “they won’t be able to do this for long, do without our oil.”

Putin stressed that some European countries have set themselves this task.regardless of loss That they themselves have harmed their economy.

“This gives us the impression that Western allies, politicians and economists, have forgotten basic elementary economic laws or prefer to deliberately ignore them to their detriment,” he said. “Instead of admitting their mistakes, they look elsewhere for blame,” he said.

According to the Russian President, the decision to impose sanctions on Russian energy sources will make Europe with the region Higher prices in the long run.

“The refusal to use Russian energy sources means that Europe, organically and in the long term, will become the region with the highest energy prices in the world,” he said.

Putin warned that “according to some experts, this could seriously and irreversibly undermine the competitiveness of much of European industry.”

Keeping an eye on Russia, the president proposed to the Russian government and the leaders of the country’s major oil and gas companies to study additional measures to protect national interests.

“Considering what steps the West will soon take, we must draw conclusions in advance and act in advance, reversing the unimaginable and chaotic steps in our country’s favor by some of our partners,” he said. demanded.

However, he warned that the West would not make mistakes forever, and called for a pragmatic approach in the face of the current situation. Putin described the EU’s attempt to veto Russian energy as “economic suicide”.

Putin calls EU effort to ban Russian energy ‘economic suicide’

2022-05-17 13:29:28