Tag Archives: hydrocarbon rerouting

Putin Reroutes Critical Hydrocarbons Eastward Leaving Europe High-and-Dry

“Rejection of Russian energy resources means that Europe will become the region with the highest energy costs in the world. This will seriously undermine the competitiveness of European industry which is already losing the competition to companies in other parts of the world…. Our Western colleagues seem to have forgotten the elementary laws of economics, or simply prefer to ignore them.” Vladimir Putin, President of the Russian Federation

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