Putin Threatens To Halt All Gas To Europe If Prices Are Capped

OilPrice.com | Sep 8, 2022 at 2:25 AM
  • Russian President Vladimir Putin has threatened to retaliate against any move by the European Union to cap the price of Russian gas by halting flows completely and suggesting a deal allowing Ukrainian grain to be exported to world markets could be disrupted.
  • Addressing an economic conference in the Russian Far East late on Wednesday, Putin referred to the EU’s proposed cap on Russian gas prices as “yet another stupidity, another non-market decision that has no future”.
  • Putin also threatened to disrupt the UN-brokered deal that has seen Turkey mediate shipments of Ukrainian grain from Odesa to world markets via Istanbul, suggesting that only wealthy countries are receiving this grain.