Putin Says Europe Is Harming Its Industry by Rejecting Russian Energy Supplies
Putin said the phase-out will push up costs for European households and industry as Russia explores new Arctic energy ties with U.S. companies.
- On Tuesday, President Vladimir Putin addressed the Gas Exporting Countries Forum in Moscow, warning that efforts to isolate Russia from the global gas market will increase costs for European consumers.
- The European Council is phasing out Russian natural gas imports, which plummeted from 45% in 2021 to 19% by 2025, though seaborne LNG shipments partially offset pipeline losses.
- Russian Deputy Prime Minister Alexander Novak reported $320.7 billion in energy supplies to the European Union since 2022, while Putin cited a Russian proverb: 'Don't dig a hole for someone else or you'll fall into it yourself.'
- Energy Commissioner Dan Jorgensen stated on October 27 that the European bloc does not intend to resume purchases after any Russia-Ukraine settlement, a position Germany and Poland have already ruled out.
- Putin confirmed he is exploring potential joint energy work with United States companies in the Arctic, following recent discussions with White House special envoy Steve Witkoff.
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On Tuesday, Russian President Vladimir Putin chaired a meeting on fuel supplies. He warned Europe against excluding Russia from the global fuel market, saying it could have “serious consequences.”
What really happened when Europe cut Russian gas… and why Putin is smiling now? Here is the video
Vladimir Putin has issued a sharp warning to Europe over its rejection of Russian energy, declaring that those who “dig a hole for someone else” could end up falling into it themselves. Speaking at an international gas forum, the Russian President blamed Europe’s energy difficulties on the disruption of Russian gas supplies and the decision to abandon long-term energy contracts. Could Russia-US energy cooperation open a new chapter in global ene…
Vladimir Putin presented Russia as a stable gas exporter with state-of-the-art technology. According to him, European politicians, among others, are responsible for the fluctuating gas prices on global markets, cutting off supplies from Russia. Putin wants to sell Russian gas in Europe. "There's a saying in Russia: 'Don't dig holes for others, or you'll fall into them yourself.' That's exactly what happened in the European Union," Putin declared…
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