SAMARKAND: President Vladimir Putin disputed Friday that Russia was to blame for the energy crisis in Europe, saying that if the EU needed additional gas, it could withdraw the sanctions blocking the Nord Stream 2 pipeline from operating.
Putin blamed the energy problem on what he dubbed “the green agenda” in a press conference following the Shanghai Cooperation Organization meeting in Uzbekistan. He also emphasised that Russia will fulfil its energy commitments.
The final line is, just click the button to waive the sanctions on Nord Stream 2, which will produce 55 billion cubic metres of gas year, if you have the desire or if it’s too difficult for you.
Nord Stream 2, which is virtually parallel to Nord Stream 1 in the Baltic Sea bed, was constructed a year ago, but Germany decided against moving through with it just a few days before Russia moved soldiers into Ukraine on February 24.
In response to a reduction in Russian supply, European gas prices have more than quadrupled since the beginning of the year.
The price increase this year has put pressure on already-struggling households and caused several sectors to suspend output.
In response for Western sanctions against Moscow over its invasion of Ukraine, Europe has accused Russia of turning energy supplies into weapons. According to Russia, sanctions have made it more difficult to operate the Nord Stream 1 pipeline and the West has started an economic war.
Due to their refusal to pay in roubles instead of the contract currency, numerous nations, notably Bulgaria and Poland, have had their gas supply shut off by Russia.
Additionally, the key supply route for Europe, the Nord Stream 1 pipeline, was announced earlier this month to stay closed due to an engine oil leak in a turbine at a compressor plant, which caused a spike in wholesale gas prices.