“Yes, we know that the Europeans are trying to replace Russian energy resources, but we expect the result of such actions is an increase in gas prices on the spot market and an increase in the cost of energy resources for end consumers, including households,” Putin said at a meeting with government members.
On July 7, exchange prices for gas in Europe exceeded $1,950 per 1,000 cubic meters.
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Igor Yushkov, an expert from the Financial University under the Government of Russia and the National Energy Security Fund, commented on the situation with gas reserves in Europe in an interview with Nation News.