Moscow:Russia announced its readiness to increase energy supplies to European markets, affirming its commitment to contractual obligations despite political disagreements with European nations.

According to National Iraqi News Agency, Russian Deputy Prime Minister Alexander Novak, speaking at the “Russian Energy Week” forum in Moscow, stated that Russia is prepared to provide additional energy supplies to Europe. He emphasized that Moscow has not abandoned stable and low-cost energy supplies.

Novak pointed out that European countries’ decision to reduce their reliance on Russian energy is driven by political considerations, but assured that existing contracts continue to be implemented. He also revealed that the value of Russian energy supplies to Europe was approximately $320 billion over the past five years, with $21.3 billion accounted for in the first nine months of 2026.