Putin Signals Russia's Willingness to Cooperate on Oil and Gas Supply to Europe Under Clear Conditions

Kathmandu. Russian President Vladimir Putin has stated that Russia is ready to cooperate on oil and gas supply if European countries provide clear and positive signals for cooperation. He expressed the view that long-term, stable, and politically unpressured cooperation would be beneficial for both sides.

Speaking at an event on Monday, President Putin mentioned that Russia is open to long-term and sustainable cooperation if European companies and energy buyers move towards it. He stated that Russia has not refused cooperation regarding energy supply in the past and remains interested in continuing cooperation based on mutual interests in the future.

This statement comes amidst rising tensions in the Middle East region and the resulting sharp increase in crude oil prices in the international market. According to analysts, such regional conflicts have the potential to increase volatility in the global energy market, the impact of which could be seen in various regional economies.

President Putin also informed that the European Union plans to impose further restrictions on the purchase of energy sources from Russia starting next April. According to him, the European Union is said to have a goal of completely ending energy imports from Russia by 2027.

In this context, Putin stated that the Russian government has tasked relevant bodies with studying policies and possibilities regarding energy supply to Europe. He also mentioned the necessity for Russia to expand its energy exports to other attractive markets and strengthen new partnerships.

According to him, Russia remains a reliable energy supplier nation and is committed to continuing cooperation on oil and gas supply with trustworthy partner countries. He also informed that energy cooperation continues with countries in the Asia-Pacific region and some countries in Eastern Europe.