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Eastern Economic Forum

‘Absolutely stupid solution’: Putin skewers proposed price cap on Russian energy

The Russian leader recalled there are binding contractual obligations

VLADIVOSTOK, September 7. /TASS/. Russian President Vladimir Putin laced into the West’s latest proposal of imposing a price cap on Russian energy resources as "absolutely stupid".

"This is an absolutely stupid solution. If anyone tries to implement this, it won’t lead to anything good for those who make this decision," he said on Wednesday at the Eastern Economic Forum.

In addition, the president recalled there are binding contractual obligations. The Russian side is ready to fulfill them. "But if any decisions of a political nature are made that contradict the contracts, we simply will not comply with them," he concluded.

Organized by the Roscongress Foundation, the Seventh Eastern Economic Forum will be running from September 5 to September 8 in Vladivostok. TASS is the event’s general information partner and its official photohost agency. This year, the theme of the forum is: "On the Path to a Multipolar World."

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Vladimir Putin Eastern Economic Forum

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