Washington : Russian President Vladimir Putin is weaponising energy, the White House has alleged, a day after he threatened to cut off all energy exports to the West if the US proceeded with its gas cap. Putin on Wednesday threatened to completely cut energy supplies to the West if it tries to cap prices of Russian exports. He also vowed to press on with Moscow's military action in Ukraine until it achieves its goals.
This shows that Putin is, again, weaponising energy, by his very words, also by his actions. But the President (Joe Biden) and our partners in Europe predicted this playbook. We saw this coming, and we have been preparing for months. We have talked through the different processes of how this price cap could look, White House Press Secretary Karine Jean-Pierre said on Wednesday during her daily news conference.
The US and European Union, she said, have set up a task force to work on ways to increase alternate sources of natural gas to Europe and help reduce Europe's demand for Russian energy through increased efficiency and clean energy deployment. That is something that we're going to continue to do to be helpful to Europe as they head into the winter months. But this process of the task force already has had a positive effect as we've seen. Europe's gas shortage will be full by the critical winter heating season. Germany will reach their target gas storage, despite the Russian cuts, ahead of schedule. And Europe as a whole will reach a significantly higher level than last year, she said.