Putin warns 'no gas, no oil' to countries that cap prices
Putin warns ‘no gas, no oil’ to countries that cap prices
0
0
Russia will prevent turning in oil and fueloline substances to international locations that introduce fee caps, President Vladimir Putin stated Wednesday.
Capping costs, as a few Western international locations are considering, “might be an really silly decision,” Putin instructed the Eastern Economic Forum withinside the Pacific port town of Vladivostok.
“We will now no longer deliver something in any respect if it’s far opposite to our interests, in this situation financial (interests),” he stated. “No fueloline, no oil, no coal, no gasoline oil, not anything.”
G7 industrialised powers on Friday vowed to transport urgently toward imposing a fee cap on Russian oil imports, in a bid to reduce off a first-rate supply of investment for Moscow’s navy motion in Ukraine.
Putin stated Russia might recognize its contractual responsibilities and was hoping different international locations might do the same.
“Those who’re seeking to impose some thing on us are in no function nowadays to dictate their will,” Putin stated.
“They have to come to their senses.”
Pointing to growing electricity costs in Europe beforehand of winter, Putin insisted Russia might deliver not anything outdoor of present contracts, quoting a Russian fairy tale: “Freeze, freeze, the wolf tail”.
“They have numerous solutions. Either subsidising excessive costs, that is awful as it might not alternate customer behaviour… or lessen consumption,” he stated.
“From an financial factor of view, it’s far correct. From a social factor of view it’s far dangerous, it is able to cause an explosion. It is higher to stick to contractual responsibilities, to civilised rules,” Putin stated.
