Putin warned of rising prices in Europe due to the rejection of Russian gas

Rhetoric and warnings at the gas exporters' forum

Russian President Vladimir Putin, speaking at the Gas Exporting Countries Forum, stated that European countries' rejection of Russian gas will lead to a sharp rise in costs for foreign consumers. The Russian leader emphasized that attempts to push Russia out of the global gas market and to restrict the development of its gas industry will entail serious consequences, which will primarily affect companies, enterprises, and households abroad. Putin accused Europe of damaging its own politics, industry, and social sphere through the rejection of Russian energy resources and the cancellation of long-term contracts, citing a well-known proverb: “He who digs a pit for another falls into it himself”.

Russia's position on the market and a call for cooperation

In his speech, Putin recalled Russia's status as one of the main participants in the global gas market, noting that the country ranks first in the world in natural gas reserves and second in production volumes. Although Russian gas companies have faced certain difficulties in recent years, the president insists on the need not to create new obstacles, but to strengthen cooperation, primarily among gas-exporting countries. He stressed that such interaction should be based on the countries' own capabilities and sovereign technologies, developing on the principles of mutual interest, trust, and respect for each other's interests.