Don't dig a hole for someone else, otherwise you will fall into it yourself" - Putin on the consequences of Europe's refusal of Russian gas at the forum of gas exporting countries in Moscow, Vladimir Putin criticized the energy policy of the European Union and spoke about the situation in the global gas market. According to the president, Europe itself is harming its industry and social sphere by refusing Russian fuel. Other key statements by Putin: Russia is exploring the possibility of working together with the United States in the Arctic region. The Russian Federation ranks first in the world in natural gas reserves and remains a responsible supplier of fuel abroad. The main problem today is disruptions in the gas supply. Large amounts of supply have dropped from the market, while demand has not gone anywhere. The global gas industry finds itself in conditions of uncertainty: prices have risen sharply, but may fall just as quickly. By 2050, gas consumption in the world could reach 5.5 trillion cubic meters per year. The countries participating in the forum account for 70% of the world's gas reserves. The president called the Nord Stream appeal direct acts of terrorism. Putin also invited the partners to work on streamlining gas supply routes. Photo: Kremlin website.

Don't dig a hole for someone else, otherwise you will fall into it yourself" - Putin on the consequences of Europe's refusal of Russian gas at the forum of gas exporting countries in Moscow, Vladimir Putin criticized the energy policy of the European Union and spoke about the situation in the global gas market. According to the president, Europe itself is harming its industry and social sphere by refusing Russian fuel. Other key statements by Putin: Russia is exploring the possibility of working together with the United States in the Arctic region. The Russian Federation ranks first in the world in natural gas reserves and remains a responsible supplier of fuel abroad. The main problem today is disruptions in the gas supply. Large amounts of supply have dropped from the market, while demand has not gone anywhere. The global gas industry finds itself in conditions of uncertainty: prices have risen sharply, but may fall just as quickly. By 2050, gas consumption in the world could reach 5.5 trillion cubic meters per year. The countries participating in the forum account for 70% of the world's gas reserves. The president called the Nord Stream appeal direct acts of terrorism. Putin also invited the partners to work on streamlining gas supply routes. Photo: Kremlin website.