Putin says Europe ‘commits suicide’ if it bans Russian oil
President Putin said that Europe would hurt itself, even “economically suicide” if it imposed sanctions on Russian oil.
Speaking at an energy meeting today, the President of Russia Vladimir Putin asserted that by seeking to remove energy supplies from Moscow, Europe would only harm itself, and called on Russian officials to take advantage of the West’s “thoughtless” actions to bring benefits to the country. .
He said Europe will see higher energy prices and inflation because of their actions. “Of course, such an economic suicide is an internal matter for European countries,” Putin said.
After Russia launched a military campaign in Ukraine On February 24, the European Union (EU) imposed unprecedented sanctions on Moscow and was discussing a sixth round of sanctions, including a ban on oil imports from Russia. However, the EU has so far not found a common voice in the ban on Russian oil, when it faced opposition from the EU Hungary.
Russian President Vladimir Putin attended a meeting of the Russia Oversight Committee in Moscow last month. Image: AFP.
The President of Russia announced that he will redirect supplies to friendly countries when Europe seeks to cut supply from Moscow. Putin said the EU’s “chaotic actions” not only hurt the bloc’s own economy, but also helped Russia increase its oil and gas revenues.
“The oil market is going through tectonic changes and normal business following the old model seems impossible,” he said. “In the new conditions, it is important not only to produce oil, but also to build the entire supply chain into the hands of the end consumer.”
The Russian government will help companies change their business models, according to Putin. The head of the Kremlin added that the state will help improve logistics, the production process as well as ensure that oil and gas purchase contracts are paid in cash. ruble.
The EU is heavily dependent on energy supplies from Russia, which supplies about 40% of its natural gas needs and about a quarter of its oil. Experts say that efforts to find sufficient alternatives to Russian energy will be extremely difficult, even impossible in the short term, as many countries in the EU have gradually phased out nuclear and coal energy in recent years. stone.
Thanh Tam (According to AFP)
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