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

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.