Energy

George Soros says Russia is blackmailing Europe with gas

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Russian President Vladimir Putin delivers a speech during a ceremony honouring the country’s Olympians and Paralympians at the Kremlin in Moscow, Russia April 26, 2022. 

Maxim Shemetov | Reuters

DAVOS, Switzerland — Russian President Vladimir Putin‘s bargaining position is “not as strong as he pretends” and Europe has leverage against him, according to billionaire investor George Soros.

In a letter to Italy’s Prime Minister Mario Draghi, Soros said Putin was “obviously blackmailing Europe” by threatening to — or actually — withholdinging gas supplies.

“That’s what he did last season. He put gas in storage rather than supplying gas to Europe. This created a shortage, raised prices and…



Source cnbc.com

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