Putin: Western sanctions on Russia may lead to "catastrophic consequences" in the global energy market

Xinhua News Agency, Moscow, July 8 (Reporter Yellow River) Russian President Putin said on the 8th that if Western sanctions on Russia continue, it may lead to "catastrophic consequences" in the global energy market.

When Putin held a meeting of the Russian government on the day, Putin said that European countries replaced Russian energy attempts to bring the expected results, that is, rising natural gas prices and increased energy costs of terminal consumers, which caused greater greater countries to impose sanctions on sanctions. s damage. He said that if the sanctions policies for Russia continue, it may lead to "the global energy market is more serious or even catastrophic consequences."

Putin said that Russia's "economic lightning war" failed, but Western sanctions are harming the Russian economy. "We need confidence, but risks still exist for individual industries and labor markets."

He emphasized that one of the main priority tasks of Russian fuel and energy complexes is to improve infrastructure to improve the level of gasification in various regions and increase the diversification of exports to the prospects. "The government is currently studying the development of railway, sea transportation and pipeline infrastructure to supply Russian oil and oil products to friendly countries."

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