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Putin Warns of Energy Shock - Potential Supply Cuts to EU

Published March 10, 2026, 14:09
Putin Warns of Energy Shock - Potential Supply Cuts to EU

Russian President Vladimir Putin has warned of a potential global energy shock due to the escalating crisis in the Middle East. According to Putin, instability in the region threatens to disrupt oil and natural gas supplies, driving up prices. Specifically, there is a risk of blockage in the Strait of Hormuz, resulting in reduced production and export difficulties. Simultaneously, supplies of liquefied natural gas from the Middle East have already decreased, and the restoration of facilities is expected to take considerable time. Putin emphasized that Russia is a reliable energy supplier and will continue to supply countries such as Asia, Slovakia, and Hungary. Finally, he warned the European Union about the planned restrictions on imports of Russian hydrocarbons, leaving open the possibility that Moscow could cut off supplies itself.