Putin: Energy prices are approaching an economically justified level, Russia is fulfilling its obligations

Putin: Energy prices are getting closer to being economically justified; Russia is fulfilling its obligations

Illustration photo – Russian President Vladimir Putin.

Moscow – Energy prices are approaching an economically justified level, Russian President Vladimir Putin said today, according to Reuters, at the Eurasian Economic Union (EAHU) summit. According to him, Russia continues to fulfill its obligations in the field of energy supplies. EAHU includes Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan.

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Putin said that Ukraine, which Russia invaded militarily last February, is still receiving money for the transit of energy through its territory, even though it has labeled Russia as an aggressor. He also added that Russia is reducing the share of so-called enemy currencies in payments.

At the conference, the Russian president also raised the issue of energy shortages in Europe. “Now, thanks to God, energy prices are approaching an economically justified level, but who is to blame for what happened?” Putin said. “They blew up Nord Stream 1, they didn't launch Nord Stream 2,” he added, referring to a pair of gas pipelines running from Russia across the Baltic Sea to Germany that were severely damaged by explosions last September.

Russia, without providing evidence , has repeatedly said that Western countries are behind the blasts. Investigators from Sweden and Denmark – in whose exclusive economic zones the blasts took place – said the damage to the gas pipelines was caused by sabotage, but did not say who they believed was responsible.

The EAHU meeting is being held in Moscow this year. , last year it was in the Kyrgyz capital of Bishkek. Belarusian leader Alexander Lukashenko announced a bilateral meeting with Russian President Vladimir Putin.