The President of Russia, Vladimir Putin, warned of high price What would I have for him? world do without the russian Hydrocarbons, since the mere debate in Europe over an embargo on oil and gas supplies has pushed up prices and destabilized the market.
(See: World economy will slow down due to war in Ukraine and inflation).
The boss of kremlin He made this warning in a video conference on the situation in the Russian hydrocarbons sector with senior officials, including the ‘energy czar’, Deputy Prime Minister Alexander Novak.
Attempts by Western countries to drive Russian suppliers out of the market, to replace their energy resources with alternative supplies, the president said, “will inevitably affect the entire world economy“.
EUROPE, THE MOST AFFECTED
He added that the consequences could be “very painful, especially for those who promote this policy“, alluding to the European Union (EU), studying a sixth package of sanctions against Russia for its military Campaign In Ukraine, which may include an embargo on imports of Petroleum Russian.
(See: Reasons why they have not been able to control radioactivity in Chernobyl).
Putin does not see an immediate threat to Russian hydrocarbon exports to the EU, which, according to the head of community diplomacy, Josep Borrell, have brought Russia daily income of about 1,000 million euros since the beginning of the military actions against Ukraine.
And it is that, as the president of the European Central Bank (ECB), Christine Lagarde, pointed out, energy prices in Europe they have risen a lot due to the Russian military campaign and are currently 45% higher than a year ago, constituting the main cause of high inflation in the euro area, which shot up to 7.5% in March.
RUSSIAN GAS, IRREPLACEABLE FOR NOW IN EUROPE
“The so-called partners of unfriendly countries admit that they cannot do without energy resources, including natural gas. There is simply no reasonable replacement for Europe now“said the president.
The president of the ECB admitted, this Thursday, April 14, that “an abrupt boycott of Russian energy would have a significant impact on the eurozone“.
(See: Russia, in search of new markets for its oil, coal and gas).
Confident of Russia’s current position in the European gas market, Putin recognized that replacing the gas in Russian “it’s possible“, but not yet, since “everyone knows that at the moment there are simply no free volumes” available that Europe could acquire as an alternative.
“And supplies from other countries, first of all from the US, which can be sent to Europe, will be several times more expensive for consumers, will be reflected in the standard of living of the people and in the competitiveness of the economy. european“, he predicted.
Putin added that despite the obviousness of the situation, “European countries constantly talk about refusing Russian supplies, which further destabilizes the market, and they themselves, with their own hands, inflate prices, mainly for their citizens“.
Vladimir Putin, the president of Russia.
DELAY IN PAYMENTS AND RETURN TO A HIGH CARBON FOOTPRINT
According to Putin, who has demanded that unfriendly countries, including all those in the EU, pay for Russian gas in rubles, “interruptions in payments for export supplies of Russian energy resources are observed“.
“Banks from those same unfriendly countries delay payment transfers“, he maintained, without indicating the reason.
In Putin’s view, the West is trying to “cover up their own miscalculations” with its green transition agenda and “blame everything on Russia“.
(See: What to do in the face of the global food crisis?).
He assured that the EU is now even willing to “abandon its green agenda and go back to energy with a high carbon footprint“.
DIVERSIFICATION AND COMMITMENT TO THE INTERNAL MARKET
Under these circumstances, Russia has to “diversify exports“Putin said.
“We proceed from the assumption that in the near future the supplies of energy resources in the western direction will decrease. That is why it is important to strengthen the trend of recent years: step by step redirect our exports to the markets of the South and the East, which are growing rapidly.“, he claimed.
For this, it is necessary to determine, shortly, the key infrastructure facilities and start its construction, Putin insisted.
It also considered it necessary to guarantee the stable supply of energy resources in the internal market.
“In conditions when external markets contract, it is important to increase supplies to Russian consumers. And to stimulate domestic demand, it is necessary to achieve price reductions wherever possible.“, said.
EFE
