Russia warns Europe will pay 400 billion USD in higher energy prices

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(VOVWORLD) - Russia promised on Thursday to speed up talks about increased gas sales to China and warned that Europe will pay a hefty price for its oil embargo against Russia.
Russia warns Europe will pay 400 billion USD in higher energy prices - ảnh 1Illustrative photo (Source: The Moscow Times/VNA)

Deputy Prime Minister Alexander Novak said Europe will pay an extra 400 billion USD in higher energy prices and could face a shortage of oil products. He did not give a time frame.

Russia’s Gazprom and China’s CNPC have signed a technical agreement on gas supplies, Gazprom said Thursday.

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