Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation

Putin warns 'no gas, no oil' to if prices capped

  • By Al Mayadeen English
  • Source: Agencies
  • 7 Sep 2022 14:34
  • 2 Shares
4 Min Read

Putin slams price controls, as proposed by certain Western countries, as "an extremely idiotic decision."

  • x
  • File Photo: Russian President Vladimir Putin chairs a meeting with members of the Security Council via a teleconference call in Moscow on June 22, 2022 AFP
    Russian President Vladimir Putin in Moscow on June 22, 2022, AFP.

Russian President Vladimir Putin said on Wednesday that Russia will stop supplying oil and gas to countries that impose price ceilings.  

Capping prices, as some Western countries are considering, "would be an absolutely stupid decision," Putin told the Eastern Economic Forum in the Pacific port city of Vladivostok.    

"We will not supply anything at all if it is contrary to our interests, in this case economic (interests)," he said. "No gas, no oil, no coal, no fuel oil, nothing."      

The G7 industrialized nations pledged on Friday to work quickly to establish a price cap on Russian oil imports in order to cut off a key source of funding for Moscow's military activity in Ukraine.

Putin stated that Russia will honor its contractual responsibilities and hoped that other countries would follow suit.    

Read next: G7 nations set to agree on Russian oil price cap

"Those who are trying to impose something on us are in no position today to dictate their will," Putin said. "They should come to their senses."      

In response to rising European energy prices ahead of winter, Putin stated that Russia would not deliver anything outside of current contracts.

"They have several solutions. Either subsidizing high prices, which is bad because it won't change consumer behavior... or reduce consumption," he said.    

Related News

G7 calls on Iran against uranium enrichment

UK living standards squeezed despite leading G7 growth

"From an economic point of view, it is correct. From a social point of view, it is dangerous, it can lead to an explosion. It is better to adhere to contractual obligations, to civilized rules," Putin said.

Putin slams accusations that Russia allegedly uses Nord Stream as energy weapon as "nonsense"

Accusations by Western countries that Russia is allegedly using the Nord Stream 1 gas pipeline as an energy weapon are nothing but nonsense, Russian President Vladimir Putin on Wednesday.

"Nord Stream 1 is practically closed now. Everyone says: 'Russia uses energy weapons.' This is another nonsense. What kind of weapons do we use?! We supply as much as our partners need: as much as they place an order," Putin said at the plenary session of the Eastern Economic Forum (EEF).

The president noted that Ukraine and Poland, through the territories of which Russia supplies gas to Europe, closed the gas pipelines on their own, adding that these were their decisions.

"Give us a turbine, we will launch Nord Stream 1 tomorrow. They do not give anything," Putin said.

Nord Stream 2 gas pipeline to be switched on once needed

The Nord Stream 2 gas pipeline was not built in vain, and "if necessary, please, we will turn it on," Russian President Vladimir Putin said on Wednesday.

"No, we are not building anything in vain. We have received the appropriate technologies, we have worked them out. If necessary, please, we will turn on Nord Stream 2," he said at the plenary session of the Eastern Economic Forum (EEF), answering whether Nord Stream 2 had been built in vain.

It is worth noting that gas supplies via Nord Stream have completely stopped since August 31 and the operation of the pipeline has been suspended due to scheduled maintenance work at the Portovaya compressor station, data from gas transportation system operators showed.

A leak was detected at the main gas turbine at the Portovaya compressor station near St. Petersburg.

Previously, Gazprom said gas would continue to flow on Saturday after a different turbine repair was required. However, Western sanctions have made it difficult for the oil company to pursue its maintenance routine.

  • G7
  • Russia
  • gas
  • Oil
  • Vladimir Putin
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS