Putin: Europe will be forced to print money due to the energy crisis – Russia

The Russian president Vladimir Putin

Vladimir Putin – Russian politician. Born on October 7, 1952 in Leningrad, now St. Petersburg. Through he said Europe will be forced to print money due to the growing energy crisis. You spoke during the plenary session of the “Russian Energy Week” forum, which opened today in Moscow, RIA Novosti reported.

“It is clear how the pricing problems will be solved if they are high. We have already talked about it with other product groups. They are just printing money, that’s all,” he said. Vladimir Putin

Vladimir Putin – Russian politician. Born on October 7, 1952 in Leningrad, now St. Petersburg. Through.

According to him, in the last year the money supply in the European Union has grown by about one trillion euros and, due to the tripled price of energy resources, “inflation is knocking on the door”.

Putin: We are ready to divert further volumes of gas to Europe via Turkey

Putin also stressed that the West’s own policy is responsible for rising energy prices.

Russia is ready to provide energy resources to Europe as soon as the European countries want it.

“The ball is in the field of the European Union. If they want, just let them turn on the tap,” he added. Vladimir Putin

Vladimir Putin – Russian politician. Born on October 7, 1952 in Leningrad, now St. Petersburg. Through.

He said Russia places no limits on anyone, including that it is ready to supply additional quantities in the autumn-winter period.

He also pointed out that European countries themselves are exacerbating the situation by imposing restrictions on oil prices. Putin noted that the West should not refuse cooperation with Russia.

“We sell what they want to buy at market prices. We are ready to buy from you, but you do not sell. In this we differ fundamentally from Western countries, which cynically refused to fulfill the contracts already concluded in the financial and technological fields, in the supply and in the maintenance of equipment, “Putin underlined, reported Bulgaria ON AIR.

According to him, the spot gas charging mechanism will lead to losses of over $ 300 billion for European countries.

Estimates by Russian experts show that in 2022 the spot gas pricing mechanism will lead to losses for Europe of over 300 billion euros, or about 2% of the Eurozone’s GDP.

According to Putin, the losses could have been avoided if Europe had opted for long-term oil-related contracts: “The difference between the spot market and the prices of long-term contracts is three or four times.”