Russia is willing to fulfill its contracts but will not supply gas, oil or coal to the detriment of its interests. This is the threat of the Russian president,

Vladimir Putin

, given the proposals of the G7 and the European Union to put a cap on Russian oil and gas prices.

The president of Russia has recalled that "there are commitments established in the supply contracts", and if "

some kind of political measure is taken that contradicts the contracts

, we will simply not fulfill them".

Russia will not supply "absolutely nothing if [the new conditions] contradict our interests, in this case economic ones. We will not supply gas, oil, or coal," the Russian president has threatened.

In an appearance at the

7th Eastern Economic Forum

in Vladivostok, the capital of the Russian Far East, Putin has warned that problems in the world food market will intensify due to Western sanctions.

He assures that they are dangerous sanctions for the whole world and that no one can isolate Russia.

Vladimir Putin has highlighted his country's self-sufficiency in accessing the raw materials needed for its industries.

Russia significantly strengthened its sovereignty after the start of the special military operation in Ukraine, says the Russian president, who has pointed out that the economy of Asian countries is growing at a faster rate than European economies,

That is why Russia is moving away from the dollar, the euro and the British pound, currencies that according to Putin have lost confidence.

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  • Petroleum

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  • European Union

  • Ukraine