Vladimir Putin warned that he would cut off oil and gas supplies if the European Union capped prices

Russia is ready to fulfill its contracts, but will not supply gas or Oilno coal to the detriment of their interests, Russian President Vladimir Putin warned today before the proposals of the G7 and European Union limit the price of Russian oil and gas.

“There are obligations set out in supply contracts. And if any political actions are taken that contradict the contracts, we simply will not fulfill them,” he said at the 7th Eastern Economic Forum in Vladivostok, the capital of the Russian Far East. .

Insert emphasized that Russia will not supply “exactly nothing, if it is contrary to our interests, in this case, economic, we will not supply gas, oil, or coal.”

The G7 raised the issue of allowing the transportation of Russian oil and its derivatives around the world only if the products are sold at a price below the limit, which Moscow categorically rejected.

The proposal seeks to cut funding for the Russian military campaign in Ukraine at a time when the European Union has purchased 54% of all fossil fuel exports from Russia since the end of February, worth $85.1 billion.

Although there are no official figures, it is estimated that Russia has invested about 100 billion euros in financing the war against Ukraine, so fuel export revenues have become a “key factor” that makes the war possible. campaign.

Russia “has not lost and will not lose anything” from the war in Ukraine

On the other hand, Vladimir Putin was convinced that Russia “has not lost anything and will not lose anything” because of the Russian military campaign in Ukraine, which provoked a wave of Western sanctions against Moscow.

“I am sure that we have not lost anything and will not lose anything. As for the achievements, the main one is the strengthening of our sovereignty, and this is the inevitable result of what is happening now,” he said during a speech at the 7th Eastern Economic Forum in Vladivostok, the capital of the Russian Far East.

He admitted that because of the conflict there was a “polarization” both in the world and within Russiawhere official polls show two-thirds of Russians support intervention in Ukraine.

“But I believe that it will only be beneficial, since everything unnecessary, temporary and everything that prevents us from moving forward will fade into the background (…). Modern development can only be based on sovereignty,” he argued.

Putin denied that a Russian “special military operation” in Ukraine represents a violation of international law precisely because of the “Kosovo precedent”, whose independence from Serbia has been recognized since 2008 by more than a hundred countries.

He recalled that at that time the International Court of Justice decided that “any part of the country’s territory that wants to declare its independence is not required to seek permission from the central government of its country.” “This applies to Kosovo. Why not the same for the Donetsk and Lugansk People’s Republics? The same,” he said. (EFE)