“The consequences of such a step can become very painful, and first of all for the initiators of such a policy,” the head of state said at a meeting on the oil and gas industry.

At the same time, "partners" from unfriendly countries admit that they cannot do without Russian energy resources, including without Russian gas, the President noted.

“There is simply no reasonable replacement for Europe right now.

It is possible, but now it is absent, everyone understands this: there are simply no free volumes on the world market, and supplies from other countries, primarily from the United States, which can be sent to Europe, will cost consumers many times more, ”the Russian leader added.

Putin stressed that this would affect the standard of living of people in European countries and the competitiveness of the European economy.

As Dmitry Medvedev, Deputy Chairman of the Security Council of Russia, noted earlier, the United States is ready to “bite its teeth” into the European energy market and “raise the dough properly” by supplying European allies with “the dirtiest oil and gas in the world”, forgetting about the green agenda.