“I emphasize that in the current situation, not even actions, but only statements about the termination of energy supplies from Russia lead to a surge in prices on world markets,” he wrote in an article for the Energy Policy magazine.

The Deputy Prime Minister added that in the event of restrictions being introduced, prices for the main types of fuel could significantly exceed the historical highs already reached.

Earlier, Novak expressed the opinion that Europe has nothing to replace Russian gas, either now or in the next five years.