Russia blames Europe for gas crisis, warns West of oil retaliation

Europe to blame for Nord Stream 1 shutdown, says Kermlin and warns of retaliation over G7 oil price cap; European gas prices rocket 30%, shares fall

The Kremlin on Monday blamed the West for triggering the worst European gas supply crisis ever and warned the Group of Seven advanced economies that Moscow would retaliate over its plan to impose a price cap on Russian oil.
 

Since he ordered the Feb. 24 invasion of Ukraine, President Vladimir Putin says the United States and its allies have embarked on economic war on Russia with the most severe sanctions in modern history, warning that they will face a energy crisis as a result.

Since the war began, European Union customers have pledged to reduce their reliance on Russian energy