Russia’s attacks on Ukraine drew the reaction of the whole world, and sanctions decisions against Russia were announced one after another by the USA and the EU. In particular, the energy sanctions imposed on Russia had become one of the most important agenda items in the world. In his latest statement, Russian President Vladimir Putin criticized Europe’s energy sanctions as “economic suicide”. Putin made evaluations at the meeting he held in the capital Moscow with the government and some company officials regarding the oil sector, and stated in his statement that some countries cannot give up on Russian oil entirely.
“DUE TO U.S. PRESSURE…”
Noting that Europe has started to impose various restrictions in the energy sector due to some political interests and pressure from the USA, Putin said, “This causes inflation. They look for guilt rather than admitting their mistakes. Western politicians and economists have forgotten the basics of simple, basic economic laws, or they have done so to their own detriment. It looks like they deliberately chose to ignore it so that he said.
“IT WILL BECOME THE WORLD’S HIGHEST ENERGY COST REGION”
Pointing out that there have been significant increases in the prices of petroleum products such as oil and diesel due to the sanctions, Putin said, “The rejection of Russia’s energy resources means that Europe will systematically become the region with the highest energy cost in the world in the long run.” said.
Criticizing the steps taken by Europe in the energy sector, Putin said:
“Obviously, these unbalanced steps taken by our partners not only harm the European economy, but also increase Russia’s oil and natural gas revenues. There is a tectonic change in the oil markets and it is no longer possible to trade according to the old model. In the new conditions, it is not only possible to extract oil, but also It is also important to create the entire vertical chain from the consumer to the consumer.”
“ECONOMIC SUICIDE”
Stating that the European industry is experiencing losses in competition compared to other parts of the world, Putin said, “Russian energy resources will also shift to other regions. In addition, the opportunity for increased economic activity will pass from Europe to other parts of the world. This kind of economic suicide is, of course, an internal matter of European countries. We must act pragmatically based on our economic interests.” made its assessment.
“THEY CAN’T GIVE UP”
Putin added that some European countries cannot completely give up on Russian oil. (AA)
