Russian President Vladimir Putin said on Thursday that Russian companies will not block off their oil wells despite the West’s efforts to lessen its dependence on energy supplies from Moscow.
The United States introduced its embargo on Russian imports in March just days after Moscow sent its troops into Ukraine, while the European Union agreed last month in principle to gradually cut 90 percent of its oil imports from Russia by the end of this year.
Putin said the West will not be able to completely stop using Russian energy resources over next few years.
“As far as refusal from our energy resources is concerned, this is unlikely for the next few years, while it’s not clear, what will happen during those few years. That’s why, no one will pour cement into the wells,” Putin told a televised meeting with young entrepreneurs….