Russian President Vladimir Putin has expressed a willingness to collaborate with European energy buyers, contingent upon their readiness for a long-term partnership free from political influences. This statement came during a meeting focused on the global oil and gas market.
Putin remarked, “If European companies and buyers decide to pivot and ensure a long-term stable collaboration devoid of political context, we are open to that. We have never refused. We are ready to work with Europeans.” He emphasized the necessity of receiving signals from these buyers indicating their commitment to stability and cooperation.
Since the onset of Russia’s full-scale invasion of Ukraine, the European Union has pursued a strategy aimed at achieving complete energy independence from Moscow. This initiative is encapsulated in the REPowerEU plan. However, Hungary and Slovakia remain exceptions, advocating for the continued purchase of affordable Russian energy despite the EU’s unified stance.
In related developments, the European Commission recently warned that the ongoing conflict involving the U.S. and Israel against Iran could lead to simultaneous stagnation and inflation within the European economy. This caution was issued as Brent crude oil prices surged to $119 per barrel, marking the highest level since Russia’s invasion of Ukraine in 2022. Subsequently, oil prices fell below $100 per barrel after reports surfaced that the G7 nations were considering the release of strategic oil reserves to mitigate the impact of soaring energy costs.
President Putin's recent comments highlight Russia's willingness to engage in long-term energy partnerships with Europe, contingent on political neutrality. This comes as the EU continues its efforts to reduce dependence on Russian energy sources amid rising global oil prices.
Source: Європейська правда