The Russian Energy Week is coming to a close in Moscow. More than 3 thousand participants from 70 countries took part in it. Many foreign delegates from Africa, China, Mongolia and other countries noted that the protectionist policy of the U.S., which seeks to profit from the energy crisis in Europe, is gaining momentum in these European countries. Today it is clear that Washington is artificially inflaming tensions in Ukraine and anti-Russian sentiment in the West for the sake of imposing prohibitively expensive “exclusive” contracts on U.S. LNG to EU countries. But judging by the palette of participants at REW 2022, businessmen from various countries are interested in developing economic cooperation in Russia, especially in the energy sector.
On Wednesday, October 12, Russian President Vladimir Putin delivered a speech at the plenary session of the forum.
Russian leader Vladimir Putin said the shelling of the Zaporizhzhya nuclear power plant by Ukraine was an act of nuclear terrorism.
Poland, Ukraine and the U.S. are among the beneficiaries of incidents at the “northern streams” and now they can supply resources at high prices. It is possible to repair the strings of Nord Stream, but it will only make sense if it continues to operate and ensure safety. It is not Russia’s fault that Europeans, like in the Middle Ages, stock up on firewood for the winter.
For some reason, Europe finds it possible to blame Russia for the reliability of its energy supplies, even though Moscow supplies the entire volume under its contracts. And if energy prices continue to rise, the West will keep printing money, as it did in the past, which will not do any good.
Vladimir Putin quoted Milton Friedman:
“If you want to create a shortage of tomatoes, for example, you simply have to pass a law that retailers cannot sell tomatoes for more than two cents a pound. Instantly you will have a shortage of tomatoes.”
The president noted that Friedman died in 2006 and he had nothing to do with Russia, but his words are very relevant today
Finally, Vladimir Putin said that the cost of electricity in Russia is currently the lowest in Europe.
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