{"id":6819,"date":"2022-09-08T07:57:51","date_gmt":"2022-09-08T01:57:51","guid":{"rendered":"https:\/\/www.bnc24.com\/en\/?p=6819"},"modified":"2022-09-08T07:57:51","modified_gmt":"2022-09-08T01:57:51","slug":"putin-threatens-to-cut-off-russian-energy-to-west-as-europe-plans-price-caps","status":"publish","type":"post","link":"https:\/\/www.bnc24.com\/en\/national\/2022\/09\/08\/news\/6819\/","title":{"rendered":"Putin threatens to cut off Russian energy to West as Europe plans price caps"},"content":{"rendered":"<figure id=\"attachment_6820\" aria-describedby=\"caption-attachment-6820\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6820\" src=\"https:\/\/www.bnc24.com\/en\/wp-content\/uploads\/2022\/09\/putin-2-300x171.jpg\" alt=\"\" width=\"300\" height=\"171\" \/><figcaption id=\"caption-attachment-6820\" class=\"wp-caption-text\">Putin made the threat Wednesday at an economic forum in Vladivostok.<\/figcaption><\/figure>\n<p>Broadcasting News Corporation : Vladimir Putin threatened to cut off all oil and gas exports to the West in response to a proposal by Europe and America to cap the price of Russian energy. The Russian president made the ultimatum Wednesday at an economic forum in Vladivostok, calling a plan by the Group of Seven to institute price controls on Russian energy \u201cstupid.\u201d \u201cAn attempt to limit prices by administrative means is just ravings, it\u2019s sheer nonsense,\u201d Putin said. \u201cIf they try to implement that dumb decision, it will entail nothing good for those who will make it.\u201d Russia is the world\u2019s second-largest oil producer behind Saudi Arabia and the largest single producer of natural gas. A decision to stop exports to Europe \u2014 where the bulk of Russia\u2019s pipelines lead \u2014 would throw the world energy markets into turmoil. The threat comes after months of back and forth over the War in Ukraine. Russian energy giant Gazprom has throttled natural gas transit to Europe for months, citing alleged technical problems with the massive Nord Stream pipeline between Russia and Germany.<br \/>\nLast week, Gazprom announced it was shutting the pipeline down indefinitely. While the bulk of Russia\u2019s pipeline infrastructure feeds Europe, Gazprom opened a Siberian pipeline in 2019 that feeds gas to northern China \u2014 and work is underway to expand Russia\u2019s Asian pipeline network. Speaking on Russia\u2019s Pacific coast, Putin said there would be enough demand in Asia to make up for lost European exports, should his threat come to pass.<br \/>\n\u201cThe demand is so high on global markets that we won\u2019t have any problem selling it,\u201d he said of Russian energy. NEWS COLLECTED FROM NEW YORK POST.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broadcasting News Corporation : Vladimir Putin threatened to cut off all oil and gas exports to the West in response to a proposal by Europe and America to cap the price of Russian energy. The Russian president made the ultimatum Wednesday at an economic forum in Vladivostok, calling a plan by the Group of Seven &#8230;<\/p>\n","protected":false},"author":2,"featured_media":6820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national"],"_links":{"self":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts\/6819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/comments?post=6819"}],"version-history":[{"count":1,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts\/6819\/revisions"}],"predecessor-version":[{"id":6821,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/posts\/6819\/revisions\/6821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/media\/6820"}],"wp:attachment":[{"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/media?parent=6819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/categories?post=6819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnc24.com\/en\/wp-json\/wp\/v2\/tags?post=6819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}