Vladimir Putin: Energy crisis has begun, Russia ready to co-operate with EU again

During a government meeting focused on the hydrocarbon market, Putin stressed that the situation in the Middle East is creating major tensions in international energy markets.

Russia, which is the second largest oil exporter in the world and owns the largest natural gas reserves, according to him, is willing to return co-operation with European Union countries.

“We are willing to co-operate with Europeans, but we need signals that they too are willing and interested in long-term co-operation, without politicisation”, Vladimir Putin said.writes Panorama, I follow Periscope.

He also added that Russian companies must benefit from the current situation in the Middle East, though he acknowledged that strong energy prices could be only temporary.