Russian state owned Gazprom has stopped the flow of gas to all European countries indefinitely as Europe has introduced a price cap on Russian supplies, which will affect millions of households.
The former Russian President Dmitry Medvedev warned the European Union on Friday that Moscow will stop the flow of natural gas to Europe if they introduce a price cap on Russian supplies.
European Commission chief Ursula von der Leyen called for a price cap on Russian pipeline gas on Friday stop Moscow from manipulating the EU’s energy market in retaliation for sanctions.
G7 Finance Ministers all agreed on Friday to introduce an energy price cap on all Russia oil exports to put more financial pressure on Vladimir Putin funding his illegal war in Ukraine.
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Medvedev said in response that “there will simply be no Russian gas in Europe.” Europe and the US have openly accused Moscow of using gas as a “weapon against consumers.”
The European Council President Charles Michel stressed, the “use of gas as a weapon will not change the resolve of the EU.”
British Chancellor Nadhim Zahawi said the price cap will bring global stability which will “protect our citizens from oil price shocks next year.”
Zahawi added, “It will mean that Putin can’t profiteer from excessively high oil prices and of course, protect all of us from oil price shocks next year and beyond.”
Ukrainian President Volodymyr Zelenskyy said, the move “will not only limit the flow of petrodollars and gas euros to Moscow, but also, importantly, restore justice for all Europeans, whom Russia is trying to blackmail with artificially inflated prices on the energy market.”