The CEO of Russia’s energy giant Gazprom has warned that energy supplies will be halted if Europe imposes price caps on Russian natural gas exports.
“Such a one-sided decision is of course a violation of existing contracts, which would lead to a termination of supplies,” Gazprom CEO Alexei Miller said on Russian TV on Sunday, Reuters reported.
Miller’s comments come as the Group of Seven (G-7) and the European Union are attempting to cap the prices of Russian oil as part of an eighth package of sanctions against the Kremlin over its invasion of Ukraine.
They hope that the move will limit the Kremlin’s earnings and prevent it from financing its war in Ukraine while simultaneously keeping global energy markets stable via continued supplies….