“Rejection of Russian energy resources means that Europe systematically, in the long term, becomes the region with the highest cost of energy resources in the world,” he said.

According to Putin, a number of experts are of the opinion that this could undermine the competitiveness of a significant part of European industry.

“Obviously, along with Russian energy resources, the possibility of increasing economic activity will also leave Europe for other regions of the world.

Such an economic auto-da-fé, suicide, of course, is an internal affair of European countries.

We must act pragmatically,” the president said.

Leading expert of the National Energy Security Fund, lecturer at the Financial University under the Government of Russia Igor Yushkov commented on the situation with energy supplies to the EU in an interview with Economics Today.