Vladimir Putin says imprudent EU sanctions issued to limit Russian energy comes from the Biden administration and no one else.
The US exerting influence on the economic penalties has only swung back negatively on the economies of bloc members. Hungary has opposed it and asking to be compensated for the reckless actions authored by the US.
EU's Reckless Sanctions on Russian Oil, Gas
All the actions of the European Union to attack the Russian oil and gas sector as political retribution authored by the US overlords; controlling the bloc, reported Sputnik News.
President Vladimir Putin added Washington had no concern about how it would impact the bloc's economy. As Brussels rejects the energy that will spike costs in Europe dangerously, some experts have noted higher prices but will not change anything significantly.
He added this is a dire assault on European industry allegedly by the US to weaken Europe; this was stated in one of his meetings over in the Kremlin, noted TASS.
The Kremlin called the Western political class naïve about renewables and the climate conundrum, which includes killing oil and natural gas in favor of alternative energy that has failed the European Union. This energy crunch is caused by the West trying to pin the blame on Moscow.
The bloc bends under American pressure that they don't want to do independently. Adding these punitive sanctions causes inflation but blames Moscow, not because they follow the US, cited Bruegel.
Western Preference for Renewables Is Doomed To Fail
Putin says Russian energy resources and economic activity will shift away from Europe and other parts of the world. Such economic sanctions like suicide, or auto-da-fe, are a European country's internal matter, acting pragmatically and only in the financial interests most beneficial to Russia, not the Biden administration.
Clamoring for authorities to act constructively in the light of some of Russia's Western partners' ill-thought and chaotic decision making, and to use them to Russia's advantage, noted Alethonews.
He also warned Russia not to assume the West to continue making such errors indeterminately.
The Kremlin vowed that the Russian government would do everything possible to improve working conditions of domestic energy companies, to improving logistical capabilities and have a payment system in national currencies, increase the availability of credit and insurance services, also stimulate raw material processing; including the emergence of new domestic technologies.
Furthermore, it called on Russian oil firms to spend assets, including earnings from increased energy prices. He added that the oil market globally is not permanent, so doing business in the old model will not work anymore. It is critical to extract oil and establish the whole vertical chain up to the end consumer.
The forced sanction authored by the US with the European Union's help only ended with the bloc members suffering from following Joe Biden's lead.
Everything went downhill from February when the special operation started in Ukraine; buying energy from Russia is a source of tension despite its negative effects.
Many EU countries rely on Russian gas for 40% or more of their natural gas needs, as well as a comparable amount of oil. Replacing the lost energy supplies will come from the US, Africa, and the Middle East. Vladimir Putin says EU Sanctions have led to a redline in economies due to listening to the Biden administration's ill-thought sanctions.
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