MOSCOW, October 12. /TASS/. Russia will not subsidize other nations and supply energy to countries who put a cap on prices. Introduction of a price cap is a "dirty trick" and "shameless blackmailing," Russian President Vladimir Putin said, speaking at the Russian Energy Week forum
"The so-called neoliberal ideologists of the West already have experience destroying traditional values, we’ve all seen that. Now, it seems, they’ve shifted their focus to the freedom of entrepreneurship and private enterprise. Russia always fulfills its obligations, as I’ve said already. This is the fundamental difference between us and the West, who cynically refuse to fulfill previously signed contracts in financial and technological areas, in shipment and maintenance of equipment. I will say this one thing: Russia will not act against common sense, to pay for others’ welfare out of its own pocket. We will not supply energy to those states that will cap energy prices. To those who prefer dirty tricks and shameless blackmailing - and we’ve been living in such a paradigm, political sphere, for decades - we will not act to our own detriment," he said
The President underscored that introduction of a price cap may cause risks of introduction of a similar cap in other areas of the economy, which destroys the global market economy and poses a threat to welfare of billions of people.
"I will mention one more important point. Let us assume that the notorious oil price cap is imposed, who will guarantee that a similar price cap will not be imposed in other sectors of the economy: in agriculture, in semiconductors, fertilizer, metal industry? Not only against Russia, but against any other country? Nobody will provide such guarantees, meaning some Wester politicians destroy the global market economy with their adventurous decisions: effectively, they create a threat to welfare of billions of people," he said.
The Russian Energy Week forum takes place in Moscow between October 12 and 14. Most of the program is dedicated to the international agenda under the ‘Global energy in multipolar world’ motto.