Putin hints that Russia may withdraw from the European energy market

2026-03-04 17:54:23

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Investing.com – Russian President Vladimir Putin said on Wednesday that Russia is considering withdrawing from the European energy market and seeking more reliable partners, but he clarified that no final decision has been made yet.

Putin stated that oil and natural gas prices are rising, partly due to the Middle East crisis. He suggested that Russia might need to shift from the European market to what are considered more reliable partners, but emphasized that the proposal is still under discussion.

The Russian leader also characterized the recent attack on a Russian LNG tanker as a terrorist act, but did not provide further details about the incident.

At the time of Putin’s remarks, the global energy market was experiencing price increases, with the Middle East crisis being seen as a factor contributing to market volatility.

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