“Russia is not using any weapons,” Putin stated. “Even during the hardest parts of the Cold War, Russia regularly fulfilled its contractual obligations and supplied gas to Europe,” he added.
Russia final interrupted fuel exports to the European Union in January 2009 after failing to agree costs and pipeline transit tariffs with Ukraine. It additionally decreased fuel flows briefly to Ukraine in 2006 and 2008 as the results of pricing disputes.
Putin struck a extra conciliatory tone on Wednesday, saying that Russia was “prepared to discuss any additional steps” with European governments to deal with the worsening power disaster.
“Russia flawlessly fulfills its contractual obligations to our partners, including our partners in Europe,” he stated. “Moreover, we always strive to meet our partners halfway.”
Wholesale electrical energy costs in Europe have elevated by 200% in comparison with the 2019 common, based on the European Commission. The surge is the results of hovering pure fuel prices, pushed by excessive demand in Asia and lower-than anticipated deliveries from Russia.
Most EU nations depend on gas-fired energy stations to fulfill electrical energy demand, and about 40% of that fuel comes from Russia, based on Eurostat.
Last month, the International Energy Agency referred to as on Russia to provide extra pure fuel to Europe to assist alleviate the disaster, saying that though Russia is assembly contractual obligations to European clients, exports are down from their 2019 stage.
Kremlin spokesman Dmitry Peskov instructed journalists on Wednesday that Russia has elevated fuel provides to Europe to the utmost attainable stage beneath present contracts and can’t exceed these thresholds.
Russian officers have beforehand stated that dashing up the approval of the controversial Nord Stream 2 pipeline linking Russia with Germany might assist deliver down pure fuel costs. The pipeline was accomplished final month regardless of years of opposition from nations together with the United States, which warned that it could enhance Moscow’s affect in Europe.
The Biden administration introduced in July that it had reached a cope with Berlin that will enable the pipeline to go forward in change for German help to Ukraine. It is now awaiting clearance from German authorities.
The European Commission on Wednesday unveiled a collection of measures aimed toward tackling the power disaster, together with dashing up the transition to renewable types of power.
EU member states have put in place a collection of emergency measures to assist shoppers and companies deal with the decade-high electrical energy prices, together with direct monetary assist to households, state help for corporations and focused tax reductions.
— Amy Cassidy, Chris Liakos, Walé Azeez and Katharina Krebs contributed reporting.