Putin Threatens to Let Europe ‘Freeze’ — Russian President Warns ‘We Will Not Supply Gas, Oil, Coal, Heating Oil’

Following the discussions concerning the inter-governmental governmental forum Group of Seven (G7) pledging to enforce terms caps connected crude lipid and the European Commission talking astir fixing energy prices, Russian president Vladimir Putin explained connected Wednesday that Russia volition not proviso the industrialized economical powers and the West with energy. “We volition not proviso gas, oil, coal, heating lipid — we volition not proviso anything,” Putin stressed during the Eastern Economic Forum’s plenary session.

Putin to Europe: ‘Freeze, Freeze, the Wolf’s Tail’

Vladimir Putin explained that the Kremlin plans to fto the wolf’s process freeze, referring to Europe and the Russian fable wherever a fox tricks a wolf into freezing his tail, and the fox yet defeats the wolf with this tactic.

“We volition not proviso thing extracurricular the contracts. We volition not bash thing that they effort to unit america to do,” Putin declared connected Wednesday. “We volition not proviso gas, oil, coal, heating lipid — we volition not proviso anything,” helium added. “The lone happening we tin bash is to support connected saying the enactment from a well-known Russian fairytale’—Freeze, freeze, the wolf’s tail.’”

Putin saying the westbound is going to frost similar a wolf’s 🐺 process this winter…

and sending markets into disarray

— Matthew Hall (@MJLH16) September 7, 2022

Putin’s code follows the report that claims Russia and Iran program to found a planetary state cartel. In caller times, the Russian state elephantine Gazprom and the National Iranian Oil Company (NIOC) partnered by signing a memorandum of knowing (MoU).

Earlier this week, Gazprom explained the Nord Stream 1 (NS1) pipeline would beryllium retired of work indefinitely. However, statements made by Putin’s spokesman, Dmitry Peskov, quoted by Interfax, bespeak Moscow volition not beryllium turning the state backmost connected until the West’s fiscal sanctions are lifted.

Putin Says Western Sanctions Are ‘Stupid,’ Claims Russia ‘Has Not Lost Anything’

Putin remarked connected Wednesday that Western sanctions are “stupid,” and helium further opined: “I’m definite we person not mislaid thing and volition not suffer anything. The main happening is strengthening our sovereignty, and this is the inevitable effect of what is happening now.”

Meanwhile, the European Central Bank (ECB) president Christine Lagarde is expected to nutrient a jumbo-sized complaint hike this week. Lagarde besides blames clime alteration for immoderate of Europe’s torrid inflation, which reached a lifetime precocious past month. Most economists are tethering Europe’s economical issues to the Ukraine-Russia warfare and the ongoing vigor crisis.

“ECB watcher” and Berenberg Bank’s main economist, Holger Schmieding, said successful a probe enactment that Europe’s cardinal slope could hike the benchmark slope complaint by 75 ground points. “As frontloaded hikes tin person a bigger interaction connected ostentation expectations than a much gradual approach, a [75bps] determination could marque sense,” Schmieding remarked connected Wednesday.

Out of curiosity checked my vigor measure and realised it has accrued by 35% and we are not adjacent successful wintertime yet.

— David Alade (@DavidAlade__) September 7, 2022

At the Eastern Economic Forum’s plenary session, the Russian president said if the G7 plans to instrumentality terms caps, Russia volition not admit immoderate existent contracts and locomotion distant from aboriginal state proviso deals.

“Will determination beryllium immoderate governmental decisions that contradict the contracts? Yes, we won’t fulfill them. We volition not proviso thing astatine each if it contradicts our interests,” Putin said.

During the second fractional of his speech, Putin denied the European Union’s accusations that said Russia is “weaponising vigor supplies.” The Russian president added that the West besides failed to code the method issues allegedly tied to the NS1 pipeline.

What bash you deliberation astir Vladimir Putin’s code concerning the West’s sanctions and the projected G7 terms caps connected crude? Let america cognize what you deliberation astir this taxable successful the comments conception below.