On Wednesday, Vladimir Putin accused the G7 and the EU of “destroying” the global energy market by capping the price of Russian oil, saying there was no guarantee that such a decision would not be imposed elsewhere.

Vladimir Putin announced the annexation of four regions of UkrainePhoto: Adrien Fillon / Zuma Press / Profimedia Images

“No one will give such guarantees, which means that with their adventurous decisions, some Western politicians are destroying the world market economy: in fact, they are a threat to the well-being of billions of people,” said the head of the Kremlin, on . Energy Forum in Moscow.

Russia will not supply energy carriers to those countries that will limit their prices, Putin added. “For those who, instead of business partnership and market mechanisms, prefer tricks and shameless blackmail, and we have been living in such a paradigm for decades, we will not act to our detriment in the political sphere,” he said, as quoted by TASS.

He commented that “the population, as in the Middle Ages, began to stock up on firewood for the winter.” “What does Russia have to do with this? And they constantly try to blame their own mistakes on others, in this case on Russia. They themselves are to blame, I emphasize once again,” the Russian president insisted.

The Kremlin found the beneficiaries of the Nord Stream explosions

Vladimir Putin also called the explosions on the Nord Stream gas pipeline “an act of international terrorism.”

“The logic is cynical – to destroy, block sources of cheap energy, deprive millions of people, industrial consumers of gas, heat, electricity and other resources and force them to buy all this at much higher prices,” he said.

The head of the Kremlin accused that behind the explosions are “those who seek to break ties between Russia and the European Union, weaken its industrial potential and seize the market.”

The geopolitical importance of the remaining gas systems is now more important, he continued. “They pass through the territory of Poland and Ukraine. Also, the USA can now provide energy carriers at high prices,” Putin said.

He assured that part of Nord Stream-2 is working and assured that Moscow can supply gas on this section.

“Russia is ready to resume supplies. The ball is in the EU’s court, and if it wants to, it just needs to turn on the faucet,” Putin said

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