Russia is ready to work with European purchaseers of hydrocarbons if they can guarantee long-term cooperation free of political considerations, Interfax reported on March 9, citing the Russian leader, Vladimir Putin, who stated that Moscow had “never refutilized” such cooperation and remained open to it.
Speaking at a meeting on the global oil and gas market, russian leader Vladimir Putin stated that Moscow had never refutilized to work with European companies and remained open to renewed energy cooperation, which largely stalled after Russia launched its full-scale invasion of Ukraine in 2022.
He framed that possibility as contingent on European purchaseers deciding to restore such ties.
We bring you stories from the ground. Your support keeps our team in the field.
“We are ready to work with Europeans,” Putin stated.
He added that Russia necessaryed “some signals from them” that they were also prepared to work toobtainher and could ensure “sustainability and stability.”
“If European companies, European purchaseers, suddenly decide to reorient themselves and ensure us long-term sustainable joint work, free of political considerations, please. We have never refutilized. We are ready to work with Europeans,” Putin stated.
The report noted that since Russia’s full-scale invasion of Ukraine, the European Union has pursued energy indepconcludeence from Moscow under the REPowerEU plan.
Hungary and Slovakia remain the only EU states pushing to continue purchaseing cheaper Russian energy despite the bloc’s broader line.
Putin’s remarks came as Brent crude rose to $119 per barrel on Monday morning, its highest level since Russia launched its full-scale invasion in 2022.
The spike reflected fears of a sudden supply shock from the Middle East.
Brent surged after the US-Israeli war with Iran disrupted shipping through the Strait of Hormuz and prompted some Gulf producers to cut output.
Prices later retreated below $100 after reports that the Group of Seven was considering releasing strategic oil reserves. The relocate was seen as a way to steady markets and limit the effect of higher energy costs.
At the same time, Slovakia’s gas importer SPP reported neobtainediating with Russia’s Gazprom to raise gas deliveries for 2026 and 2027, even as the EU prepares broader restrictions aimed at concludeing reliance on Russian energy.
SPP declared it amconcludeed its long-term contract to align with EU rules and keep importing Russian gas, calling it the most price-competitive option as regional supply risks and price volatility increased.
Sources notified Reuters the talks could lift Russian supplies toward covering most of Slovakia’s necessarys through 2027, subject to EU exemptions, with imports routed via Turkey after transit through Ukraine concludeed in December 2024.
-457ad7ae19a951ebdca94e9b6bf6309d.png)
We report from the front lines to reveal the reality of war. Your support assists us stay there and inform the stories that matter.
Leave a Reply