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Russian Deputy Prime Minister Alexander Novak confirmed that the European Union's adoption of a ceiling on the price of gas is a purely political decision, and would pose a threat to gas supplies to European markets.
Commenting on the European Union's decision to impose a ceiling on the price of gas, Novak said, "We see that it is another political decision, not an economic one at all, and it constitutes a new repetition of the same mistake."
And the Russian Deputy Prime Minister added: “If European colleagues want there to be no gas in Europe and it is diverted to other markets, they only have to impose a ceiling on its price,” explaining that “it is now necessary to see how the situation will develop, as there are now many doubts.” associated with this European Union decision.
Yuri Sentyurin, Ambassador-at-Large at the Russian Foreign Ministry, confirmed yesterday that the European Union's initiative to set a ceiling for the price of Russian gas contradicts the rules of the market and will lead to its deterioration.
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