'Russia ready to deliver gas to EU if West does not impose restrictions,' avers Medvedev

Russia on Friday claimed it can ship its gas to Europe if West does t interfere in matter. big remark from Deputy Chairman of Security Council Dmitry Medvedev came on Friday when he was speaking to France’s LCI TV Channel, Russian news ncy TASS reported. During interview, he reiterated that Moscow is rey to deliver gas in contracted volumes if West does t twist its arms by conditions.

"We are rey to supply gas in volumes that were contracted even w. However, this will definitely depend on position of Western countries, and position of European countries," Medvedev said. Furr, he ted if West tries to ban Russia or prevent delivery of repaired turbines or rd Stream 2, Moscow will t release gas as per expectations.   

EU plans to ban Russian gas and oil in trouble

It is crucial to te that ever since onset of Russia-Ukraine war, EU anunced a partial embargo on Russian energy sources. However, its intention to decrease its dependency seems to be in trouble. European countries at first approached Gulf nations to meet ir demands but after facing failure in securing a deal with Gulf nations, y turned towards Middle East and Mediterranean regions. tably, Europe depends on Russia for roughly 40% of its natural gas needs. Currently, European leers have vowed to reduce ir dependence by two-thirds.

Earlier in April, European leers approached gas and oil-rich Gulf Cooperation Council (GCC) members to avert an energy crisis after limiting its dependency on Russian energy resources. European leers asked GCC to increase production of hydrocarbon. However, GCC reportedly denied delivering need saying constraints in production and fact that most of ir future production is locked in long-term contracts with Asian clients. On or hand, several countries like Bulgaria, Czech Republic, Hungary, and Slovakia, are enjoying cap free supply of Russian oil, despite being EU members. 

Putin warns EU sanctions will backfire

Earlier in June, Russian President Vlimir Putin called European and Western sanctions on Moscow a "m" step as he believed this could le European Union to lose nearly $400 billion. While speaking at 25th St. Petersburg International Ecomic Forum-- an annual Russian business event for ecomic sector-- which is also popularly kwn as "Russian Davos", Putin said country’s ecomy will overcome sanctions in coming months. He emphasised that Russia has been focusing on minimising effect of sanctions in a composed and professional manner.

Im: AP