07:51Russian President Vladimir Putin claimed that he ready to switch to other markets if European states refuse his country’s energy resources, during a plenary session of the Eastern Economic Forum (EEF) on Russky Island, Primorksy, on Wednesday.
"By receiving natural gas from the Russian Federation for decades, the economies of the leading European countries have had an obvious global competitive advantage. If they think they don't need such advantages, that's fine, it doesn't bother us in any way, because the need for energy resources in the world is very great," he said.
"It is not just about our friends. The People's Republic of China, as I said earlier, everyone in the world knows this very well, the economy is growing rapidly, and the need for energy is growing. We are ready to co-operate with any country," the president continued.
According to Putin, there are many countries that are ready to co-operate with Russia. He also gave his assessment on price caps.
"Having imposed these stupid solutions on us to trade gas, now faced with what is happening now, they are thinking how to get away from it. How? By administrative decisions to limit the price - another absolute nonsense, which will lead to further price increases on world markets, including Europe. There is no administrative solution to anything in the economy and world trade," the president added.
Finance ministers from the G7 agreed plans to impose a cap on Russia oil last week, with the EU considering a similar policy.
The Nord Stream 1 pipeline is currently closed, while the EU and Germany have accused Moscow of energy 'blackmail'. Gazprom cited essential maintenance work and the Kremlin blamed Western sanctions for hindering the repair process.
On March 23, Putin announced that ‘unfriendly countries’ attempting to sanction Russia would have to pay for their gas in rubles. Several countries rejected the conditions, reducing their consumption of Russian fuel.
The Eastern Economic Forum opened in Vladivostok on the campus of Far Eastern State University on September 5. The event will continue until September 8, and will include more than 90 meetings and discussions.
Russia: If Europe doesn't want benefits of cheap gas from Russia, there are other countries - Putin
Russian President Vladimir Putin claimed that he ready to switch to other markets if European states refuse his country’s energy resources, during a plenary session of the Eastern Economic Forum (EEF) on Russky Island, Primorksy, on Wednesday.
"By receiving natural gas from the Russian Federation for decades, the economies of the leading European countries have had an obvious global competitive advantage. If they think they don't need such advantages, that's fine, it doesn't bother us in any way, because the need for energy resources in the world is very great," he said.
"It is not just about our friends. The People's Republic of China, as I said earlier, everyone in the world knows this very well, the economy is growing rapidly, and the need for energy is growing. We are ready to co-operate with any country," the president continued.
According to Putin, there are many countries that are ready to co-operate with Russia. He also gave his assessment on price caps.
"Having imposed these stupid solutions on us to trade gas, now faced with what is happening now, they are thinking how to get away from it. How? By administrative decisions to limit the price - another absolute nonsense, which will lead to further price increases on world markets, including Europe. There is no administrative solution to anything in the economy and world trade," the president added.
Finance ministers from the G7 agreed plans to impose a cap on Russia oil last week, with the EU considering a similar policy.
The Nord Stream 1 pipeline is currently closed, while the EU and Germany have accused Moscow of energy 'blackmail'. Gazprom cited essential maintenance work and the Kremlin blamed Western sanctions for hindering the repair process.
On March 23, Putin announced that ‘unfriendly countries’ attempting to sanction Russia would have to pay for their gas in rubles. Several countries rejected the conditions, reducing their consumption of Russian fuel.
The Eastern Economic Forum opened in Vladivostok on the campus of Far Eastern State University on September 5. The event will continue until September 8, and will include more than 90 meetings and discussions.
Russian President Vladimir Putin claimed that he ready to switch to other markets if European states refuse his country’s energy resources, during a plenary session of the Eastern Economic Forum (EEF) on Russky Island, Primorksy, on Wednesday.
"By receiving natural gas from the Russian Federation for decades, the economies of the leading European countries have had an obvious global competitive advantage. If they think they don't need such advantages, that's fine, it doesn't bother us in any way, because the need for energy resources in the world is very great," he said.
"It is not just about our friends. The People's Republic of China, as I said earlier, everyone in the world knows this very well, the economy is growing rapidly, and the need for energy is growing. We are ready to co-operate with any country," the president continued.
According to Putin, there are many countries that are ready to co-operate with Russia. He also gave his assessment on price caps.
"Having imposed these stupid solutions on us to trade gas, now faced with what is happening now, they are thinking how to get away from it. How? By administrative decisions to limit the price - another absolute nonsense, which will lead to further price increases on world markets, including Europe. There is no administrative solution to anything in the economy and world trade," the president added.
Finance ministers from the G7 agreed plans to impose a cap on Russia oil last week, with the EU considering a similar policy.
The Nord Stream 1 pipeline is currently closed, while the EU and Germany have accused Moscow of energy 'blackmail'. Gazprom cited essential maintenance work and the Kremlin blamed Western sanctions for hindering the repair process.
On March 23, Putin announced that ‘unfriendly countries’ attempting to sanction Russia would have to pay for their gas in rubles. Several countries rejected the conditions, reducing their consumption of Russian fuel.
The Eastern Economic Forum opened in Vladivostok on the campus of Far Eastern State University on September 5. The event will continue until September 8, and will include more than 90 meetings and discussions.