Russian President Vladimir Putin said, during a meeting on the situation in the global oil and gas market, that Russia is ready to supply European countries with oil and gas, but a signal is needed from it.
“If European companies and European buyers suddenly decide to reorient themselves and provide us with a long-term, sustainable, politically conditional, free-of-political joint business, then please,” Putin said after discussing the problems of oil supplies through the Strait of Hormuz.
According to him, Russia has never refused to work with the Europeans. But Moscow now “needs some signals” from European countries that “they are ready and also want to work and will provide us with this stability and stability.”
At the same time, Putin once again noted that he instructed the government to evaluate the feasibility of supplying Russian fuel to the European market and not to wait until Europe shows up “clearly.” The government has already reported that Russia will redirect LNG supplies from Europe to “friendly” countries in Asia.
For now, Putin said, Russia will continue to supply oil to buyers in the Asia-Pacific region, as well as Hungary and Slovakia.
20-25% of global oil traffic passes through the Strait of Hormuz. After the outbreak of war with Israel and the United States, Iran announced that it would close the strait. The cessation of ship traffic led to a jump in oil prices.
France announced that it would send warships to the Strait of Hormuz to ensure the restoration of shipping traffic.
Vladimir Putin, against the backdrop of the war in the Middle East and the jump in oil and gas prices, began talking about redirecting gas supplies from Europe to Asia.