Russia threatens Europe with higher energy prices

Russia on Wednesday (30 July) reacted angrily to the EU economic sanctions, threatening to increase energy prices.

“It is a senseless and irresponsible step, which will inevitably cause European energy market prices to rise,” the statement said.“Obsessed with sanctions, Brussels is itself creating barriers for further cooperation in such a key sector as energy industry,” the Russian foreign ministry said in statement.

EUobserver / Russia threatens Europe with higher energy prices.