At the GECF summit in Moscow, Putin blamed Europe's rejection of Russian pipeline gas for soaring en

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At the GECF summit in Moscow, Putin blamed Europe's rejection of Russian pipeline gas for soaring energy costs.

European gas prices have tripled to a four-year high as storage levels hit their lowest point since 2009.

LNG supplies from the Persian Gulf are down 80% due to regional conflicts, increasing market uncertainty.

Putin argued that excluding Russia from the market will lead to exorbitant consumer prices in Europe.
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