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Putin says Russia to stop supplying energy if Western price caps imposed

Speaking at an economic forum in Vladivostok, Putin said European calls for a price cap on Russian gas were 'stupid', and would lead to higher global prices and economic problems in Europe

Russian President Vladimir Putin
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Russian President Vladimir Putin delivers a speech at the plenary session of the 2022 Eastern Economic Forum (EEF) in Vladivostok (Photo via Reuters)

Reuters Vladivostok, Russia
President Vladimir Putin on Wednesday threatened to cut off energy supplies if price caps are imposed on Russia's oil and gas exports, warning the West that it would be "frozen" like a wolf's tail in a famous Russian fairy tale.
 
Speaking at an economic forum in the Pacific city of Vladivostok, Putin said European calls for a price cap on Russian gas were "stupid", and would lead to higher global prices and economic problems in Europe.

The Group of Seven announced plans to impose a price cap on Russian oil exports last week in a move that could also restrict

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)