economy
March 5, 2026
Russia could end gas supplies to EU immediately – Putin
Moscow is considering withdrawing from the European gas market and redirecting supplies elsewhere, Russian President Vladimir Putin has said
TL;DR
- Russia may withdraw from the European gas market and redirect supplies elsewhere, President Vladimir Putin announced.
- Putin suggested this move could happen soon if the EU proceeds with its intention to phase out Russian resources.
- He blamed the EU's 'misguided policies' for the current energy crisis.
- Putin identified emerging markets as potential new destinations for Russian energy supplies.
- He emphasized that Russia remains a reliable energy supplier for countries like Slovakia and Hungary.
- Following a meeting with Putin, Hungarian Foreign Minister Peter Szijjarto confirmed Hungary has secured oil and gas supply guarantees.
- Hungary and Russia agreed to work on diversifying energy supply routes, including considering maritime transport if pipeline issues arise.
- Hungary has vetoed an EU loan for Kyiv and a package of anti-Russian sanctions.
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