Russia Will Terminate Natural Gas Supplies If A Price Cap Is Implemented

Any decision to impose a price cap on Russian natural gas exports would result in the suspension of said exports, the chief executive of Gazprom, Alexei Miller, said in response to reports the EU is considering such a move. "Such a one-sided decision is of course a violation of existing contracts, which would lead to a termination of supplies," Miller said on Russian TV, as quoted by Reuters. Russian gas deliveries to Europe have already declined substantially since the Ukraine invasion as the EU rushed to diversify its sources of the commodity…