Novak, the Russian Minister of Energy, says that his government will discuss gas exports to Europe soon.

Minister Alexander 'Novak, the Deputy Prime Minister of Russia, said on Thursday that the Russian government would meet "soon" to discuss ending gas exports to Europe. Vladimir Putin stated on Wednesday that Russia can stop gas supplies immediately due to the spike in energy costs caused by the Iran Crisis. He said that the European Union was attempting to ban the purchase of Russian gas, liquefied gas, and other products.

Novak, Putin's energy point person, said to reporters that they would be meeting soon with energy companies in order to discuss the current situation and possible routes for transporting our energy.

We will soon discuss this issue with our energy companies and determine the most profitable way to utilize Russian resources.

Since 2022, Russian gas sales into?Europe has dropped sharply due to sanctions related to the war in Ukraine.

It is also the second largest supplier of liquefied gas to the European Union. Gas is sold via the Black Sea TurkStream Pipeline?to Hungary, Slovakia, and Serbia.

Novak stated that Russian gas made up more than 12 percent of the European supply.

(source: Reuters)