Putin condemns European ‘pressure’ on Gazprom, warns of retaliation

President Vladimir Putin condemned on Tuesday the measures taken against the Russian gas giant Gazprom in Europe in the context of the conflict in Ukraine and warned of possible reprisals.

“The situation in the energy sector is worsening due to brutal non-market measures, including administrative pressure on our company Gazprom in some European countries,” Putin told officials in a televised meeting, after that Germany declared on Monday that it was temporarily taking control of the German subsidiary of Gazprom.

“We are already hearing statements from officials about the possible nationalization of our assets,” Putin said.

“If we go that far, let’s not forget it’s a double-edged sword.”

Berlin said its decision to take over Gazprom Germania until September 30 was aimed at securing energy supplies and critical infrastructure, amid growing mistrust between Russia and the West.

EU antitrust investigators raided the German offices of Gazprom last week, suspecting the Russian company had illegally jacked up prices in Europe.

Ukraine has repeatedly urged European countries to stop imports of Russian gas during the conflict.

Russia supplies around 40% of the EU’s gas supply, mainly to Germany, Italy and a few countries in Eastern Europe.

Russia news

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