Putin criticises European energy policy

29 Nov 2010
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Putin criticises European energy policy

Russian prime minister Vladimir Putin has slammed European energy policy, stating that the planned changes to the laws are "robbery".

He explained that this is because the amendments would result in a liberalisation of the energy market, which he claimed would hinder investment in the sector.

Speaking to an investor forum before talks with Angela Merkel, the German chancellor, Mr Putin stated that Russia should be consulted when talks regarding future energy policy are held.

"Our companies, together with German partners, legally acquired distribution assets in Lithuania. Now they are being thrown out of there with reference to the Third Energy Package. What is this? What is this robbery?" he was quoted as saying by Reuters.

This comes shortly after the news provider reported that Russian energy minister Sergei Shmatko had said the country has been keeping a close eye on European energy policy.

Mr Shmatko stated that gas - which Russia is one of the world's major producers of - can be used to support renewable energy developments all over the continent. 

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