Europe

if it caps prices it will cut off oil, gas and coal and break contracts

if it caps prices it will cut off oil, gas and coal and break contracts

Russia is willing not to fulfill its contracts but will supply no gas, no oil, no coal to the detriment of their interests, Russian President Vladimir Putin warned on Wednesday before the proposals of the G7 and the European Union to put a cap on the prices of Russian crude oil and gas.

“There are commitments set out in the supply contracts. And if some kind of political action is taken that contradicts the contracts, they simply we will not fulfill them”, he said at the 7th Eastern Economic Forum in Vladivostok, the capital of the Russian Far East.

Putin stressed that Russia will not supply “absolutely nothing if this contradicts our interests, in this case economic, we will not supply gas, oil or coal.”

[La caída por la ventana del presidente de Lukoil, décimo suicidio de un oligarca que señala a Putin]

The G7 has raised the possibility of allowing the transport of Russian oil and its derivatives worldwide only if the products are sold below a ceiling price, something that Moscow has categorically rejected.

This proposal tries to cut the financing of the Russian military campaign in Ukraine at a time when the European Union has acquired 54% of all the fossil fuels exported by Russia since the end of February for a value of $85.1 billion.

Although there are no official figures available, it is estimated that Russia has invested around 100,000 million euros in financing the war against Ukraine, so that the income from the export of fuels has become “the key factor” that makes the war possible. Russian military campaign.

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