On March 4th, local time, Russian President Putin stated in an interview that the current prices of oil and natural gas are indeed rising, which is caused by a combination of factors such as restrictions on Russia’s energy and the aggression of the United States and Israel towards Iran. However, the European Union is also planning to impose a complete ban on the import of pipeline natural gas and liquefied natural gas from Russia. Putin said that the European Union would ban the import of Russian gas sooner or later anyway, so it would be better for Russia to take the initiative to “cut off the gas” to Europe, stop supplying the European market and turn to emerging markets.
