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The head of Gazprom named the culprits in high gas prices

Rising energy prices are a consequence of the actions of European countries, Miller said
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The gas crisis in Europe

The sharp rise in gas and other resource prices has led to actions by foreign regulators, especially European ones. This was stated by Gazprom Chairman of the Board Alexei Miller during the St. Petersburg International Economic Forum (SPIEF).

“You and I are witnessing price shocks. We have witnessed extremely high volatility in commodity markets and very high inflation. But it all started not yesterday, not today – and here we must say “many thanks” to foreign regulators, in particular European ones, “Miller said during the SPIEF, which was broadcast on Russia 24 TV channel.

Western countries have imposed large-scale sanctions against the Russian energy sector after the start of a special Russian operation to demilitarize Ukraine. However, the restrictions had the opposite effect: the European Union and the United States faced record inflation and high energy prices due to attempts to impose an embargo on Russian resources. Europe later recognized that the EU’s sanctions confrontation with Russia posed an existential threat to the whole of Europe.

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The sharp rise in gas and other resource prices has led to actions by foreign regulators, especially European ones. This was stated by Gazprom Chairman of the Board Alexei Miller during the St. Petersburg International Economic Forum (SPIEF). “You and I are witnessing price shocks. We have witnessed extremely high volatility in commodity markets and very high inflation. But it all started not yesterday, not today – and here we must say “many thanks” to foreign regulators, in particular European ones, “Miller said during the SPIEF, which was broadcast on Russia 24 TV channel. Western countries have imposed large-scale sanctions against the Russian energy sector after the start of a special Russian operation to demilitarize Ukraine. However, the restrictions had the opposite effect: the European Union and the United States faced record inflation and high energy prices due to attempts to impose an embargo on Russian resources. Europe later recognized that the EU’s sanctions confrontation with Russia posed an existential threat to the whole of Europe.

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