March 28, 2024
KCNA Ministry of Foreign Affairs (EN)

Energy War Rages

Date: 29/09/2022 | Source: Ministry of Foreign Affairs (EN) | Read original version at source

The U.S. and the West are now toughening the sanctions on oil and natural gas of Russia, regardless of the ever-worsening world energy crisis.

Its typical example is the recent agreement of G7 member states. That is to limit the import price of Russian oil to US$ 60 a barrel under the pretext of cutting off the source of war funds of Russia.

Not content with this, the Western countries made a coercive demand on China and India, the major importers of Russian oil, to join in their efforts.

Accustomed to disposing of other’s at their own will, the U.S. and the West are getting impudent and high-handed in their behavior. However, it now invites a strong backlash from Russia.

Russia is now leveling heavy criticism at the U.S. attempt to monopolize the world energy market and seek much more interests, likening it to complete absurdity.

President Putin, during his participation in the plenary meeting of the 7 th Eastern Economic Forum recently held in Vladivostok, made it clear that Russia would not sell its oil and natural gas to those countries which try to set a unilateral limit in price of energy resource.

The Vice-Chairman of Security Council of the Russian Federation and Minister of Energy have warned that they can export their oil and natural gas to other countries which are willing to be cooperative, according to the market conditions, as there is no need for Russia to sell energy resource at a cheap price even at the sacrifice of its own interests.

EU member states are now putting their heads together to set a limit price on Russian natural gas as well. But so far, they have not reached a particular agreement due to the conflict of their own interests.

The spokesperson of the Russian foreign ministry derided this situation, saying “so-called developed EU member states have turned into imbecile countries which cannot warm themselves up just at the instigation of ‘Mr. Washington’.”

Exposing that the ulterior purpose of the U.S. and the West is to make Russia a weak entity which cannot pose a threat to them forever, analysts comment that Russia would get tougher in its countermeasures to defend its national interests.

More From Ministry of Foreign Affairs (EN)

China Criticizes U.S. for its Double Standards in Human Rights Issue

China Criticizes U.S. for its Double Standards in Human Rights Issue

Recently, the spokesperson of Chinese Foreign Ministry expressed strong discontent over the fact that the U.S. Secretary of State

March 28, 2024

Recently, the spokesperson of Chinese Foreign Ministry expressed strong discontent over the fact that the U.S. Secretary of State

For More Affluent Life

For More Affluent Life

Kangdong Greenhouse Complex - a large-scale greenhouse vegetable production base for Pyongyang citizens - has been completed in

March 27, 2024

Kangdong Greenhouse Complex - a large-scale greenhouse vegetable production base for Pyongyang citizens - has been completed in

DPRK’s High Officials Pay Condolatory Visit to Russian Embassy Here

DPRK’s High Officials Pay Condolatory Visit to Russian Embassy Here

Jo Yong Won, Pak Jong Chon, Ri Il Hwan, Kang Sun Nam and Choe Son Hui, high officials of the Central Committee of the Workers’ Par

March 26, 2024

Jo Yong Won, Pak Jong Chon, Ri Il Hwan, Kang Sun Nam and Choe Son Hui, high officials of the Central Committee of the Workers’ Par

Developing Countries Going More Active in Space Development

Developing Countries Going More Active in Space Development

Today, space development assumes greater significance in economic development and strengthening national defense capabilities with

March 23, 2024

Today, space development assumes greater significance in economic development and strengthening national defense capabilities with

Chinese Foreign Ministry Slammed the U.S. for Its Illegal Act

Chinese Foreign Ministry Slammed the U.S. for Its Illegal Act

Recently, at the San Francisco international airport, the U.S. law enforcement officials detained a Chinese student for more than

March 23, 2024

Recently, at the San Francisco international airport, the U.S. law enforcement officials detained a Chinese student for more than

Endless Love for Posterity

Endless Love for Posterity

Among the many entities erected on this land under the wise leadership of respected Comrade Kim Jong Un , there is also Okryu

March 21, 2024

Among the many entities erected on this land under the wise leadership of respected Comrade Kim Jong Un , there is also Okryu

Active Cooperation among African Countries

Active Cooperation among African Countries

Recently, African countries are seeking ever-closer cooperation to bring about economic development of the African continent. A

March 21, 2024

Recently, African countries are seeking ever-closer cooperation to bring about economic development of the African continent. A

DPRK Ambassador Pays Farewell Call on Cuban President

DPRK Ambassador Pays Farewell Call on Cuban President

The DPRK Ambassador to Cuba paid a farewell call on the President of the Republic of Cuba on March 16. President Miguel Mario

March 18, 2024

The DPRK Ambassador to Cuba paid a farewell call on the President of the Republic of Cuba on March 16. President Miguel Mario

More Articles